Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$253,550+6.7% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$54,964About 0.9× the local median income ($60,449): affordable for a typical household
Days on market89 daysSlower than a year ago: buyers have time to negotiate
The typical home in Oceana County, MI is worth $253,550, up 6.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $212,756, so the area is 19.2% overvalued. It is a balanced market: homes take about 89 days to sell, listings are up 18% from a year ago, 15% of listings have had a price cut. A household needs about $54,964 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 $60,449. In the latest IRS figures, 28 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
$253,550
Change in 1 year
+6.7%
Overvalued %
+19.2%
Show 6 more
Fair home value
$212,756
Change in 5 years
+17.0%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,374
Income needed to afford it
$54,964
Property tax rate
1.01%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+17.5%
Days on market
89
Listings with a price cut
15.0%
Show 3 more
Homes for sale
114
Pending sales per 100 listings
32
Asking price per sq ft
$193
People and jobs
Median household income
$60,449
Population change (1 year)
+0.8%
Unemployment rate
6.5%
Show 4 more
Population
27,177
Income adjusted for cost of living
$67,920
Net moves in (IRS)
+28
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
3.4
FEMA hazard risk score (0 to 100)
33.7
Flood risk score
43.6
Show 3 more
Wildfire risk score
34.6
Walkability (1 to 20)
5.2
Road, rail and air noise
54 dB
Questions people ask
Is Oceana County, MI overvalued?
Home prices in Oceana County, MI are well above what local incomes have historically supported: fair value is about $212,756, so the area is 19.2% overvalued.
Is Oceana County, MI a buyer's or seller's market?
Oceana County, MI is a balanced market: homes take about 89 days to sell, listings are up 18% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Oceana County, MI?
Home values in Oceana County, MI are up 6.7% over the last year.
How much do you need to earn to buy a home in Oceana County, MI?
A household needs about $54,964 a year to afford the typical home in Oceana County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,449.