Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$242,871+5.6% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$52,649About 0.7× the local median income ($71,849): affordable for a typical household
Days on market59 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lenawee County, MI is worth $242,871, up 5.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $201,892, so the area is 20.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 59 days to sell, listings are up 22% from a year ago, 19% of listings have had a price cut. A household needs about $52,649 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 $71,849. Typical rent is $1,007 a month. In the latest IRS figures, 42 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
$242,871
Change in 1 year
+5.6%
Overvalued %
+20.3%
Show 6 more
Fair home value
$201,892
Change in 5 years
+25.4%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,316
Income needed to afford it
$52,649
Property tax rate
1.27%
Rent and investing
Typical rent
$1,007
Price-to-rent ratio
20.1×
HUD Fair Market Rent, 2 bedrooms
$1,195
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Gross rental yield
4.97%
Cap rate (estimate)
3.23%
Market activity
Listings vs a year ago
+22.5%
Days on market
59
Listings with a price cut
19.0%
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Homes for sale
267
Pending sales per 100 listings
46
Asking price per sq ft
$163
People and jobs
Median household income
$71,849
Population change (1 year)
−0.0%
Unemployment rate
4.7%
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Population
97,779
Income adjusted for cost of living
$80,729
Net moves in (IRS)
−42
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
69.9
Unhealthy air days a year
7
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Flood risk score
71.4
Wildfire risk score
21.2
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Lenawee County, MI overvalued?
Home prices in Lenawee County, MI are well above what local incomes have historically supported: fair value is about $201,892, so the area is 20.3% overvalued.
Is Lenawee County, MI a buyer's or seller's market?
Lenawee County, MI is a balanced market, leaning toward sellers: homes take about 59 days to sell, listings are up 22% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lenawee County, MI?
Home values in Lenawee County, MI are up 5.6% over the last year.
How much do you need to earn to buy a home in Lenawee County, MI?
A household needs about $52,649 a year to afford the typical home in Lenawee County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,849.