Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$213,833+4.6% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$46,354About 0.7× the local median income ($66,118): affordable for a typical household
Days on market54 daysFaster than a year ago: sellers have the edge
The typical home in Hillsdale County, MI is worth $213,833, up 4.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $188,214, so the area is 13.6% overvalued. It is a seller's market: homes take about 54 days to sell, listings are down 17% from a year ago, 18% of listings have had a price cut. A household needs about $46,354 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 $66,118. Typical rent is $1,167 a month. In the latest IRS figures, 43 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
$213,833
Change in 1 year
+4.6%
Overvalued %
+13.6%
Show 6 more
Fair home value
$188,214
Change in 5 years
+21.8%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,159
Income needed to afford it
$46,354
Property tax rate
0.99%
Rent and investing
Typical rent
$1,167
Price-to-rent ratio
15.3×
HUD Fair Market Rent, 2 bedrooms
$1,022
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Gross rental yield
6.55%
Cap rate (estimate)
4.26%
Market activity
Listings vs a year ago
−17.1%
Days on market
54
Listings with a price cut
18.4%
Show 3 more
Homes for sale
121
Pending sales per 100 listings
42
Asking price per sq ft
$168
People and jobs
Median household income
$66,118
Population change (1 year)
+0.1%
Unemployment rate
4.4%
Show 4 more
Population
45,738
Income adjusted for cost of living
$74,290
Net moves in (IRS)
+43
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.1
FEMA hazard risk score (0 to 100)
50.0
Flood risk score
56.5
Show 3 more
Wildfire risk score
18.0
Walkability (1 to 20)
4.8
Road, rail and air noise
53 dB
Questions people ask
Is Hillsdale County, MI overvalued?
Home prices in Hillsdale County, MI are well above what local incomes have historically supported: fair value is about $188,214, so the area is 13.6% overvalued.
Is Hillsdale County, MI a buyer's or seller's market?
Hillsdale County, MI is a seller's market: homes take about 54 days to sell, listings are down 17% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Hillsdale County, MI?
Home values in Hillsdale County, MI are up 4.6% over the last year.
How much do you need to earn to buy a home in Hillsdale County, MI?
A household needs about $46,354 a year to afford the typical home in Hillsdale County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,118.