Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$196,951+6.8% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$42,695About 0.7× the local median income ($61,705): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
The typical home in Chippewa County, MI is worth $196,951, up 6.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $202,181, so the area is 2.6% undervalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 26% from a year ago, 20% of listings have had a price cut. A household needs about $42,695 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 $61,705. In the latest IRS figures, 39 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
$196,951
Change in 1 year
+6.8%
Overvalued %
−2.6%
Show 6 more
Fair home value
$202,181
Change in 5 years
+19.3%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,067
Income needed to afford it
$42,695
Property tax rate
1.26%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,042
Market activity
Listings vs a year ago
+26.5%
Days on market
79
Listings with a price cut
19.6%
Show 3 more
Homes for sale
191
Pending sales per 100 listings
24
Asking price per sq ft
$168
People and jobs
Median household income
$61,705
Population change (1 year)
−0.1%
Unemployment rate
5.2%
Show 4 more
Population
36,081
Income adjusted for cost of living
$69,331
Net moves in (IRS)
+39
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
26.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
49.9
Wildfire risk score
75.4
Walkability (1 to 20)
6.1
Road, rail and air noise
52 dB
Questions people ask
Is Chippewa County, MI overvalued?
Home prices in Chippewa County, MI are slightly below what local incomes have historically supported: fair value is about $202,181, so the area is 2.6% undervalued.
Is Chippewa County, MI a buyer's or seller's market?
Chippewa County, MI is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 26% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Chippewa County, MI?
Home values in Chippewa County, MI are up 6.8% over the last year.
How much do you need to earn to buy a home in Chippewa County, MI?
A household needs about $42,695 a year to afford the typical home in Chippewa County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,705.