Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$437,678+8.5% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$94,879About 1.2× the local median income ($79,295): a stretch for a typical household
Days on market82 daysSlower than a year ago: buyers have time to negotiate
The typical home in Emmet County, MI is worth $437,678, up 8.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $385,498, so the area is 13.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 82 days to sell, listings are up 35% from a year ago, 15% of listings have had a price cut. A household needs about $94,879 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 $79,295. In the latest IRS figures, 131 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
$437,678
Change in 1 year
+8.5%
Overvalued %
+13.5%
Show 6 more
Fair home value
$385,498
Change in 5 years
+22.6%
Home value to income
5.5×
Monthly mortgage payment (20% down)
$2,372
Income needed to afford it
$94,879
Property tax rate
0.83%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,336
Market activity
Listings vs a year ago
+35.3%
Days on market
82
Listings with a price cut
15.2%
Show 3 more
Homes for sale
360
Pending sales per 100 listings
2
Asking price per sq ft
$361
People and jobs
Median household income
$79,295
Population change (1 year)
−0.5%
Unemployment rate
3.2%
Show 4 more
Population
33,775
Income adjusted for cost of living
$89,096
Net moves in (IRS)
+131
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
7.9
FEMA hazard risk score (0 to 100)
38.1
Flood risk score
53.1
Show 3 more
Wildfire risk score
16.2
Walkability (1 to 20)
6.4
Road, rail and air noise
54 dB
Questions people ask
Is Emmet County, MI overvalued?
Home prices in Emmet County, MI are well above what local incomes have historically supported: fair value is about $385,498, so the area is 13.5% overvalued.
Is Emmet County, MI a buyer's or seller's market?
Emmet County, MI is a balanced market, leaning toward buyers: homes take about 82 days to sell, listings are up 35% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Emmet County, MI?
Home values in Emmet County, MI are up 8.5% over the last year.
How much do you need to earn to buy a home in Emmet County, MI?
A household needs about $94,879 a year to afford the typical home in Emmet County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,295.