Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$413,637+3.5% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$89,668About 1.3× the local median income ($71,544): a stretch for a typical household
Days on market68 daysAbout the same pace as a year ago
The typical home in Charlevoix County, MI is worth $413,637, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $328,873, so the area is 25.8% overvalued. It is a buyer's market: homes take about 68 days to sell, listings are up 13% from a year ago, 17% of listings have had a price cut. A household needs about $89,668 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 $71,544. Typical rent is $1,925 a month. In the latest IRS figures, 94 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
$413,637
Change in 1 year
+3.5%
Overvalued %
+25.8%
Show 6 more
Fair home value
$328,873
Change in 5 years
+29.1%
Home value to income
5.8×
Monthly mortgage payment (20% down)
$2,242
Income needed to afford it
$89,668
Property tax rate
0.90%
Rent and investing
Typical rent
$1,925
Price-to-rent ratio
17.9×
HUD Fair Market Rent, 2 bedrooms
$1,119
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Gross rental yield
5.58%
Cap rate (estimate)
3.63%
Market activity
Listings vs a year ago
+13.2%
Days on market
68
Listings with a price cut
16.7%
Show 3 more
Homes for sale
231
Pending sales per 100 listings
5
Asking price per sq ft
$300
People and jobs
Median household income
$71,544
Population change (1 year)
−0.3%
Unemployment rate
3.4%
Show 4 more
Population
26,036
Income adjusted for cost of living
$80,387
Net moves in (IRS)
+94
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
22.3
Flood risk score
32.3
Show 3 more
Wildfire risk score
16.2
Walkability (1 to 20)
6.1
Road, rail and air noise
53 dB
Questions people ask
Is Charlevoix County, MI overvalued?
Home prices in Charlevoix County, MI are well above what local incomes have historically supported: fair value is about $328,873, so the area is 25.8% overvalued.
Is Charlevoix County, MI a buyer's or seller's market?
Charlevoix County, MI is a buyer's market: homes take about 68 days to sell, listings are up 13% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Charlevoix County, MI?
Home values in Charlevoix County, MI are up 3.5% over the last year.
How much do you need to earn to buy a home in Charlevoix County, MI?
A household needs about $89,668 a year to afford the typical home in Charlevoix County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,544.