Housing in Michigan
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| Median Home Age | 41.3 | 35.1 |
| Median Home Cost | $95,200 | $153,800 |
| Home Appreciation | 1.50% | 1.62% |
| Homes Owned | 61.63% | 57.69% |
| Housing Vacant | 14.56% | 11.38% |
| Homes Rented | 23.81% | 30.93% |
| Property Tax Rate | $12.64 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 4.22% | 2.72% |
| $20,000 to $39,999 | 7.23% | 4.03% |
| $40,000 to $59,999 | 10.66% | 5.58% |
| $60,000 to $79,999 | 14.62% | 7.09% |
| $80,000 to $99,999 | 14.27% | 8.80% |
| $100,000 to $149,999 | 24.67% | 21.26% |
| $150,000 to $199,999 | 11.75% | 14.87% |
| $200,000 to $299,999 | 8.51% | 16.82% |
| $300,000 to $399,999 | 2.28% | 7.83% |
| $400,000 to $499,999 | 0.70% | 4.04% |
| $500,000 to $749,999 | 0.75% | 4.05% |
| $750,000 to $999,999 | 0.33% | 1.26% |
| $1,000,000 or more | 0.02% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 9.56% | 13.71% |
| 1995 to 1998 | 13.12% | 14.31% |
| 1990 to 1994 | 13.12% | 14.31% |
| 1980 to 1989 | 9.78% | 13.87% |
| 1970 to 1979 | 15.69% | 16.17% |
| 1960 to 1969 | 12.33% | 11.70% |
| 1950 to 1959 | 15.21% | 11.08% |
| 1940 to 1949 | 8.63% | 6.02% |
| 1939 or Earlier | 15.68% | 13.15% |
The median home value in Michigan, MI, is $95,200. Home appreciation is 1.50% over the last year. The median age of Michigan, MI, real estate is 41 years.
Michigan, MI Apartments and Rentals
Renters make up 23.81% of the Michigan, MI, population. 14.56% of houses and apartments in Michigan, MI, are unoccupied (vacancy rate).
Michigan Housing SperlingViews
retired: i am a 54 year old woman cant decide where to retired,but want to retired in a mobile home... (read more)Will be moving soon: Taxes are very high. Not sure if this is common... (read more)Quality of Life: Declining.... (read more)Have an opinion about Michigan? Leave a commentTo See All SperlingViews for Michigan Click Here
Michigan General SperlingViews
re: Depressing, dark, not much to do, flat, no big: It is extremely sad here, in michigan, the fact is, you DO actually miss out on half of your life with all of the months of early darkness here. Not only that, the... (read more)re: Depressing, dark, not much to do, flat, no big: It is extremely sad here, in michigan, the fact is, you DO actually miss out on half of your life with all of the months of early darkness here. Not only that, the... (read more)re: Depressing, dark, not much to do, flat, no big: Obviously, this person doesn't like Michigan, or probably anywhere. Bummer. There's plenty here for everyone--if one actually looks. And why is it that most people seem... (read more)Have an opinion about Michigan? Leave a commentTo See All SperlingViews for Michigan Click Here
