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Michigan

State FIPS 26

Juniper

Michigan is in the 82th percentile nationally for home price growth over the past year. It also sits in the lowest 20% nationally for home price against income. And it sits in the lowest 24% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$277,622

Lower than 76% of U.S. states
Median Income

$72,875

Lower than 69% of U.S. states
Hot Days/yr (>90°F)

10.6

The basics

Total Population

10,077,761

Median Age

40.2

Population Density

178.02

Home values & property tax

Median Property Tax

$2,904

Property Tax Rateyearly tax as a share of home value

1.3%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.18×

Lower than 80% of U.S. states
Median Rent

$1,129

Lower than 61% of U.S. states

Home prices & appreciation

Home Price Growth, Past Year

4.7%

Higher than 82% of U.S. states
Pandemic Price Run-Up2019–20 low → 2022–23 peak

40%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

29%

Climate & weather

Summer Avg High (°F)

80.3

Winter Avg Low (°F)

19

Avg Temperature (°F)

48.2

Freezing Days/yr (<32°F)

140.2

Annual Precipitation (in)

34.9

Annual Snowfall (in)

53.2

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

Go deeper

Explore every county, ZIP code, and census tract in Michigan — demographics, housing, climate, and risk — on the interactive map.

Explore Michigan on the map →

Michigan: frequently asked questions

What is the typical home value in Michigan?
The estimated median home value in Michigan today is $277,622, lower than 76% of U.S. states.
How much is property tax in Michigan?
The median annual property tax in Michigan is $2,904, an effective rate of 1.3% of home value.
Is Michigan expensive to live in?
Homes in Michigan cost about 3.18× the median household income, lower than 80% of U.S. states.
What is the average rent in Michigan?
The median gross rent in Michigan is $1,129 a month, lower than 61% of U.S. states.
How much have home prices grown in Michigan?
Home prices in Michigan have moved 4.7% over the past year, per the FHFA House Price Index.
How many people live in Michigan?
Michigan has a population of 10,077,761, about 178.02 people per square mile, per the U.S. Census American Community Survey. The median age is 40.2.
What is the weather like in Michigan?
Michigan averages 48.2°F year-round, summer highs near 80.3°F, winter lows around 19°F (NOAA 1991–2020 normals). It sees about 53.2 inches of snow a year.
Is Michigan at risk of flooding or natural disasters?
Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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