Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$223,411+2.5% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$48,431About 0.7× the local median income ($66,388): affordable for a typical household
Days on market50 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.1%Zillow expects prices to rise slightly
The typical home in Ingham County, MI is worth $223,411, up 2.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $185,593, so the area is 20.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 50 days to sell, listings are up 32% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 3.1% over the next year. A household needs about $48,431 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 $66,388. Typical rent is $1,293 a month, or $1,793 for a house. In the latest IRS figures, 1,347 more people moved out than in.
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
$223,411
Change in 1 year
+2.5%
Overvalued %
+20.4%
Show 7 more
Fair home value
$185,593
Change in 5 years
+29.1%
Zillow forecast, next 12 months
+3.1%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,211
Income needed to afford it
$48,431
Property tax rate
1.83%
Rent and investing
Typical rent
$1,293
Typical rent for houses
$1,793
Price-to-rent ratio
14.4×
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HUD Fair Market Rent, 2 bedrooms
$1,323
Gross rental yield
6.95%
Cap rate (estimate)
4.51%
Market activity
Listings vs a year ago
+32.4%
Days on market
50
Listings with a price cut
21.0%
Show 3 more
Homes for sale
748
Pending sales per 100 listings
43
Asking price per sq ft
$140
People and jobs
Median household income
$66,388
Population change (1 year)
+0.8%
Unemployment rate
6.2%
Show 4 more
Population
289,709
Income adjusted for cost of living
$69,882
Net moves in (IRS)
−1,347
Cost of living (US = 100)
95.0
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
87.2
Unhealthy air days a year
8
Show 4 more
Flood risk score
88.5
Wildfire risk score
29.6
Walkability (1 to 20)
10.8
Road, rail and air noise
54 dB
Questions people ask
Is Ingham County, MI overvalued?
Home prices in Ingham County, MI are well above what local incomes have historically supported: fair value is about $185,593, so the area is 20.4% overvalued.
Is Ingham County, MI a buyer's or seller's market?
Ingham County, MI is a balanced market, leaning toward buyers: homes take about 50 days to sell, listings are up 32% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Ingham County, MI?
Home values in Ingham County, MI are up 2.5% over the last year. Zillow's forecast for the next 12 months is +3.1%.
How much do you need to earn to buy a home in Ingham County, MI?
A household needs about $48,431 a year to afford the typical home in Ingham County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,388.