Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$267,052+8.1% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 20% have cut their price
Income needed to buy, per year$57,891About 0.9× the local median income ($64,623): affordable for a typical household
Days on market60 daysFaster than a year ago: sellers have the edge
The typical home in Mason County, MI is worth $267,052, up 8.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $254,045, so the area is 5.1% overvalued. It is a seller's market: homes take about 60 days to sell, listings are down 2% from a year ago, 20% of listings have had a price cut. A household needs about $57,891 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 $64,623. Typical rent is $1,900 a month. In the latest IRS figures, 61 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
$267,052
Change in 1 year
+8.1%
Overvalued %
+5.1%
Show 6 more
Fair home value
$254,045
Change in 5 years
+15.6%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,447
Income needed to afford it
$57,891
Property tax rate
1.06%
Rent and investing
Typical rent
$1,900
Price-to-rent ratio
11.7×
HUD Fair Market Rent, 2 bedrooms
$1,085
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Gross rental yield
8.54%
Cap rate (estimate)
5.55%
Market activity
Listings vs a year ago
−1.6%
Days on market
60
Listings with a price cut
20.0%
Show 3 more
Homes for sale
120
Pending sales per 100 listings
28
Asking price per sq ft
$214
People and jobs
Median household income
$64,623
Population change (1 year)
−0.1%
Unemployment rate
4.5%
Show 4 more
Population
29,040
Income adjusted for cost of living
$72,610
Net moves in (IRS)
+61
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
25.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
44.8
Wildfire risk score
41.5
Walkability (1 to 20)
6.2
Road, rail and air noise
53 dB
Questions people ask
Is Mason County, MI overvalued?
Home prices in Mason County, MI are slightly above what local incomes have historically supported: fair value is about $254,045, so the area is 5.1% overvalued.
Is Mason County, MI a buyer's or seller's market?
Mason County, MI is a seller's market: homes take about 60 days to sell, listings are down 2% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Mason County, MI?
Home values in Mason County, MI are up 8.1% over the last year.
How much do you need to earn to buy a home in Mason County, MI?
A household needs about $57,891 a year to afford the typical home in Mason County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,623.