Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$170,538+8.7% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$36,969About 0.6× the local median income ($58,859): affordable for a typical household
Days on market80 daysSlower than a year ago: buyers have time to negotiate
The typical home in Arenac County, MI is worth $170,538, up 8.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $161,232, so the area is 5.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 36% from a year ago, 17% of listings have had a price cut. A household needs about $36,969 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,859. In the latest IRS figures, 34 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$170,538
Change in 1 year
+8.7%
Overvalued %
+5.8%
Show 6 more
Fair home value
$161,232
Change in 5 years
+29.1%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$924
Income needed to afford it
$36,969
Property tax rate
1.13%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+35.5%
Days on market
80
Listings with a price cut
17.0%
Show 3 more
Homes for sale
84
Pending sales per 100 listings
18
Asking price per sq ft
$171
People and jobs
Median household income
$58,859
Population change (1 year)
+0.1%
Unemployment rate
6.0%
Show 4 more
Population
15,068
Income adjusted for cost of living
$66,134
Net moves in (IRS)
+34
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
20.3
Flood risk score
39.2
Show 3 more
Wildfire risk score
35.1
Walkability (1 to 20)
4.7
Road, rail and air noise
54 dB
Questions people ask
Is Arenac County, MI overvalued?
Home prices in Arenac County, MI are slightly above what local incomes have historically supported: fair value is about $161,232, so the area is 5.8% overvalued.
Is Arenac County, MI a buyer's or seller's market?
Arenac County, MI is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 36% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Arenac County, MI?
Home values in Arenac County, MI are up 8.7% over the last year.
How much do you need to earn to buy a home in Arenac County, MI?
A household needs about $36,969 a year to afford the typical home in Arenac County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,859.