Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sanilac County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,312 | $134,610 | $242,182 |
| Price Trend (Annual %) | 6.9% | 9.4% | 8.2% |
| Median Gross Rent | $814 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sanilac County is about 11% lower than in Michigan. Rent is about 25% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sanilac County, up about 6.9% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Sanilac County rose about 33.0% between 2015 and 2023, from $612 to $814. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Sanilac County.
Buying the median-priced home in Sanilac County costs roughly 12.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sanilac County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Sanilac County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,312 | $134,610 | $242,182 |
| Median Household Income | $59,241 | $71,353 | $78,145 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sanilac County rose about 70.6%, while median household income rose about 47.6% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sanilac County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 64.1% | 58.2% |
| Rental Rate | 14.7% | 23.8% | 31.3% |
| Vacancy Rate | 19.8% | 12.2% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Sanilac County has a homeownership rate of 65.5%, higher than the Michigan average of 64.1%. Its housing vacancy rate is 19.8%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Sanilac County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1972 | 1972 | 1978 |
| Median Number of Rooms | 5.8 | 5.8 | 5.5 |
The typical housing unit in Sanilac County was built around 1972. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sanilac County, Michigan.
What is the median home price in Sanilac County, Michigan?
The median home price in Sanilac County, Michigan is $120,312, lower than the Michigan average of $134,610.
What is the average home price in Sanilac County, Michigan?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sanilac County, Michigan?
The median gross rent in Sanilac County, Michigan is $814 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Sanilac County in 2020?
In 2020, the median gross rent in Sanilac County, Michigan was $701 per month.
What is the price-to-rent ratio in Sanilac County, Michigan?
The price-to-rent ratio in Sanilac County, Michigan is about 12.3, meaning it would take roughly 12.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sanilac County.
Are home prices or rent rising faster in Sanilac County, Michigan?
Both home prices and rent are rising in Sanilac County, up about 6.9% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sanilac County, Michigan?
65.5% of households in Sanilac County, Michigan own their home, higher than the Michigan average of 64.1%.
What is the vacancy rate in Sanilac County, Michigan?
The housing vacancy rate in Sanilac County, Michigan is 19.8%, higher than the Michigan average of 12.2%.