Michigan Housing Market
Neutral (Score: 50/100)Median Sale Price
$270,200
+5.4% YoY
Active Inventory
20,512
Days on Market
40 days
Price Drops
24.5%
Demographics & Economics
Source: U.S. Census ACSPopulation
10,051,595
Median Household Income
$71,149
Census Median Home Value
$217,600
Homeownership Rate
72.9%
Vacancy Rate
12.2%
Price-to-Income Ratio
3.8x
Affordability: The median home in Michigan costs 3.8x the median household income.
Cost of Living & Safety
Sources: HUD, BEA, FBI UCRCost of Living Index
96.217
3.8% below national avg
Cost context: Michigan has a Regional Price Parity of 96.217 (national average = 100).
Costs are near the national average.
Environment & Risk
Sources: EPA, FEMA NRI, FEMA NFIPOverall Risk Rating
Relatively Moderate
EAL Score
69.6
expected annual loss index
Expected Annual Loss
$2,851,016,055
from natural hazards
earthquake
hurricane
tornado
flooding
coastal Flooding
wildfire
heat Wave
cold Wave
drought
hail
winter Weather
strong Wind
lightning
Water Violations
501
total SDWIS violations
Flood Insurance Policies
379,326
active NFIP policies
Flood Claims Filed
14,901
historical NFIP claims
Water quality note: EPA SDWIS tracks regulatory violations for public water systems. For the most current and detailed tap water quality in your area with stricter health-based guidelines, visit the EWG Tap Water Database.
Price Trend
Inventory Trend
50
Neutral
0 50 100
Michigan Market Score: 50/100
This score reflects how buyer- or seller-friendly the Michigan market is right now, based on days on market, price cuts, sale-to-list ratio, inventory levels, and year-over-year price movement.
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