Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$397,062+4.8% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$86,075About 1.0× the local median income ($89,708): affordable for a typical household
Days on market43 daysAbout the same pace as a year ago
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Ottawa County, MI is worth $397,062, up 4.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $323,913, so the area is 22.6% overvalued. It is a balanced market: homes take about 43 days to sell, listings are up 20% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $86,075 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 $89,708. Typical rent is $1,713 a month, or $2,292 for a house. In the latest IRS figures, 1,052 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
$397,062
Change in 1 year
+4.8%
Overvalued %
+22.6%
Show 7 more
Fair home value
$323,913
Change in 5 years
+29.7%
Zillow forecast, next 12 months
+3.3%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$2,152
Income needed to afford it
$86,075
Property tax rate
1.02%
Rent and investing
Typical rent
$1,713
Typical rent for houses
$2,292
Price-to-rent ratio
19.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,546
Gross rental yield
5.18%
Cap rate (estimate)
3.36%
Market activity
Listings vs a year ago
+19.6%
Days on market
43
Listings with a price cut
24.8%
Show 3 more
Homes for sale
616
Pending sales per 100 listings
51
Asking price per sq ft
$230
People and jobs
Median household income
$89,708
Population change (1 year)
+0.7%
Unemployment rate
3.5%
Show 4 more
Population
308,459
Income adjusted for cost of living
$93,935
Net moves in (IRS)
+1,052
Cost of living (US = 100)
95.5
Schools, risk and environment
School rating (1 to 10)
8.2
FEMA hazard risk score (0 to 100)
82.9
Unhealthy air days a year
8
Show 4 more
Flood risk score
88.0
Wildfire risk score
34.4
Walkability (1 to 20)
6.6
Road, rail and air noise
54 dB
Questions people ask
Is Ottawa County, MI overvalued?
Home prices in Ottawa County, MI are well above what local incomes have historically supported: fair value is about $323,913, so the area is 22.6% overvalued.
Is Ottawa County, MI a buyer's or seller's market?
Ottawa County, MI is a balanced market: homes take about 43 days to sell, listings are up 20% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Ottawa County, MI?
Home values in Ottawa County, MI are up 4.8% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Ottawa County, MI?
A household needs about $86,075 a year to afford the typical home in Ottawa County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,708.