Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$253,533+8.7% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$54,961About 0.8× the local median income ($66,127): affordable for a typical household
Days on market67 daysSlower than a year ago: buyers have time to negotiate
The typical home in Newaygo County, MI is worth $253,533, up 8.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $201,088, so the area is 26.1% overvalued. It is a balanced market: homes take about 67 days to sell, listings are up 4% from a year ago, 22% of listings have had a price cut. A household needs about $54,961 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 $66,127. In the latest IRS figures, 264 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
$253,533
Change in 1 year
+8.7%
Overvalued %
+26.1%
Show 6 more
Fair home value
$201,088
Change in 5 years
+25.5%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,374
Income needed to afford it
$54,961
Property tax rate
1.10%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,028
Market activity
Listings vs a year ago
+4.2%
Days on market
67
Listings with a price cut
21.8%
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Homes for sale
148
Pending sales per 100 listings
29
Asking price per sq ft
$209
People and jobs
Median household income
$66,127
Population change (1 year)
+0.5%
Unemployment rate
4.4%
Show 4 more
Population
51,622
Income adjusted for cost of living
$74,300
Net moves in (IRS)
+264
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.3
FEMA hazard risk score (0 to 100)
47.1
Flood risk score
60.1
Show 3 more
Wildfire risk score
44.8
Walkability (1 to 20)
5.1
Road, rail and air noise
54 dB
Questions people ask
Is Newaygo County, MI overvalued?
Home prices in Newaygo County, MI are well above what local incomes have historically supported: fair value is about $201,088, so the area is 26.1% overvalued.
Is Newaygo County, MI a buyer's or seller's market?
Newaygo County, MI is a balanced market: homes take about 67 days to sell, listings are up 4% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Newaygo County, MI?
Home values in Newaygo County, MI are up 8.7% over the last year.
How much do you need to earn to buy a home in Newaygo County, MI?
A household needs about $54,961 a year to afford the typical home in Newaygo County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,127.