Property tax rate
1.25%Median bill $2,904/yr · CensusMedian rent
$1,1292-bed $1,162Per month · CensusDays on market
47 days▲ 2 days vs last yearSeptember 2026 · Realtor.comWhat the numbers say
Michigan real estate at a glance
By AstroCore · Realtor.com, US Census and Freddie Mac data
In September 2026, the median home in Michigan listed for $299,900, about the same as a year earlier.
Homes spent a median of 47 days on the market, slower than 45 days a year ago.
Homeowners in Michigan pay a median of $2,904 a year in property taxes on a median home value of $231,600, an effective rate of about 1.25%.
Renters pay a median of $1,129 a month, and $1,162 for a two-bedroom. At today's prices a typical home costs about 22 times a year's rent, which generally favors renting over buying in the short term.
With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $300,000 home here comes to about $2,073 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $89,000 a year (the median household here earns $72,875).
Monthly payment on a typical home
$2,073/mo- Principal & interest$1,635
- Property tax$313
- Insurance (est.)$125
$300,000 home · 20% down · 7.24% 30-year fixed
Run your own numbersRents in Michigan by bedrooms
Studio$896
1 bedroom$923
2 bedrooms$1,162
3 bedrooms$1,321
4 bedrooms$1,434
Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.
County by county
Every Michigan county compared
Lowest property tax rates
- Leelanau County0.68%
- Benzie County0.79%
- Otsego County0.80%
- Alcona County0.82%
- Emmet County0.83%
Fastest-selling counties
- Kent County38 days
- Clinton County39 days
- Livingston County39 days
- Macomb County39 days
- Oakland County39 days
| County | Median list price | Days on market | Property tax | Median rent |
|---|---|---|---|---|
| Alcona County | – | – | 0.82% | $867 |
| Alger County | – | – | 0.94% | $714 |
| Allegan County | $496,175 | 44 | 1.08% | $1,100 |
| Alpena County | – | – | 1.06% | $673 |
| Antrim County | – | – | 0.84% | $902 |
| Arenac County | – | – | 1.13% | $761 |
| Baraga County | – | – | 1.22% | $616 |
| Barry County | $414,900 | 47 | 1.05% | $972 |
| Bay County | $184,325 | 49 | 1.49% | $860 |
| Benzie County | – | – | 0.79% | $1,026 |
| Berrien County | $409,675 | 54 | 1.08% | $942 |
| Branch County | – | – | 1.16% | $959 |
| Calhoun County | $247,350 | 45 | 1.45% | $968 |
| Cass County | $399,800 | 66 | 0.97% | $916 |
| Charlevoix County | – | – | 0.90% | $949 |
| Cheboygan County | – | – | 0.89% | $773 |
| Chippewa County | – | – | 1.26% | $797 |
| Clare County | – | – | 1.11% | $765 |
| Clinton County | $389,450 | 39 | 1.23% | $1,092 |
| Crawford County | – | – | 1.06% | $862 |
| Delta County | – | – | 1.13% | $692 |
| Dickinson County | – | – | 1.27% | $797 |
| Eaton County | $291,225 | 43 | 1.41% | $1,092 |
| Emmet County | – | – | 0.83% | $1,112 |
| Genesee County | $217,375 | 45 | 1.36% | $989 |
| Gladwin County | – | – | 1.15% | $690 |
| Gogebic County | – | – | 1.43% | $623 |
| Grand Traverse County | $519,750 | 59 | 0.89% | $1,288 |
| Gratiot County | – | – | 1.24% | $834 |
| Hillsdale County | – | – | 0.99% | $832 |
| Houghton County | – | – | 1.16% | $840 |
| Huron County | – | – | 1.19% | $788 |
| Ingham County | $199,975 | 46 | 1.83% | $1,084 |
| Ionia County | $318,675 | 46 | 1.13% | $884 |
| Iosco County | – | – | 0.96% | $719 |
| Iron County | – | – | 1.34% | $716 |
| Isabella County | $281,175 | 62 | 1.34% | $913 |
| Jackson County | $254,950 | 46 | 1.26% | $985 |
| Kalamazoo County | $326,975 | 43 | 1.45% | $1,093 |
| Kalkaska County | – | – | 0.87% | $853 |
| Kent County | $380,500 | 38 | 1.11% | $1,243 |
| Keweenaw County | – | – | 0.99% | $688 |
| Lake County | – | – | 1.09% | $875 |
| Lapeer County | $404,925 | 49 | 0.92% | $988 |
| Leelanau County | – | – | 0.68% | $1,228 |
| Lenawee County | $299,900 | 47 | 1.27% | $987 |
| Livingston County | $469,900 | 39 | 0.97% | $1,287 |
| Luce County | – | – | 0.98% | $675 |
| Mackinac County | – | – | 1.07% | $760 |
| Macomb County | $285,000 | 39 | 1.40% | $1,211 |
| Manistee County | – | – | 1.04% | $842 |
| Marquette County | $399,900 | 49 | 0.97% | $949 |
| Mason County | – | – | 1.06% | $896 |
| Mecosta County | – | – | 0.99% | $934 |
| Menominee County | – | – | 1.01% | $692 |
| Midland County | $368,475 | 43 | 1.47% | $1,016 |
| Missaukee County | – | – | 0.98% | $891 |
| Monroe County | $314,075 | 41 | 1.16% | $1,059 |
| Montcalm County | $299,900 | 45 | 1.01% | $869 |
| Montmorency County | – | – | 0.86% | $686 |
| Muskegon County | $304,950 | 47 | 1.18% | $1,028 |
| Newaygo County | – | – | 1.10% | $904 |
| Oakland County | $400,000 | 39 | 1.27% | $1,376 |
| Oceana County | – | – | 1.01% | $759 |
| Ogemaw County | – | – | 0.95% | $823 |
| Ontonagon County | – | – | 1.16% | $540 |
| Osceola County | – | – | 1.02% | $807 |
| Oscoda County | – | – | 0.94% | $681 |
| Otsego County | – | – | 0.80% | $1,008 |
| Ottawa County | $477,450 | 44 | 1.02% | $1,211 |
| Presque Isle County | – | – | 0.95% | $683 |
| Roscommon County | – | – | 1.01% | $816 |
| Saginaw County | $165,000 | 54 | 1.49% | $947 |
| Sanilac County | – | – | 0.90% | $807 |
| Schoolcraft County | – | – | 0.99% | $705 |
| Shiawassee County | $239,900 | 41 | 1.31% | $899 |
| St. Clair County | $324,900 | 52 | 1.14% | $1,029 |
| St. Joseph County | $299,925 | 60 | 1.10% | $849 |
| Tuscola County | – | – | 1.21% | $819 |
| Van Buren County | $379,725 | 44 | 1.23% | $870 |
| Washtenaw County | $454,250 | 48 | 1.52% | $1,463 |
| Wayne County | $163,875 | 47 | 1.63% | $1,132 |
| Wexford County | – | – | 1.13% | $897 |
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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole state; individual homes vary. For information only.