Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$213,474+5.1% 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$46,277About 0.6× the local median income ($71,235): affordable for a typical household
Days on market50 daysSlower than a year ago: buyers have time to negotiate
The typical home in Shiawassee County, MI is worth $213,474, up 5.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $182,565, so the area is 16.9% overvalued. It is a balanced market: homes take about 50 days to sell, listings are up 48% from a year ago, 22% of listings have had a price cut. A household needs about $46,277 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 $71,235. Typical rent is $950 a month. In the latest IRS figures, 68 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
$213,474
Change in 1 year
+5.1%
Overvalued %
+16.9%
Show 6 more
Fair home value
$182,565
Change in 5 years
+22.5%
Home value to income
3.0×
Monthly mortgage payment (20% down)
$1,157
Income needed to afford it
$46,277
Property tax rate
1.31%
Rent and investing
Typical rent
$950
Price-to-rent ratio
18.7×
HUD Fair Market Rent, 2 bedrooms
$1,085
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Gross rental yield
5.34%
Cap rate (estimate)
3.47%
Market activity
Listings vs a year ago
+47.7%
Days on market
50
Listings with a price cut
22.5%
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Homes for sale
161
Pending sales per 100 listings
50
Asking price per sq ft
$151
People and jobs
Median household income
$71,235
Population change (1 year)
−0.2%
Unemployment rate
4.0%
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Population
67,681
Income adjusted for cost of living
$80,039
Net moves in (IRS)
−68
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
62.2
Flood risk score
55.2
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Wildfire risk score
8.6
Walkability (1 to 20)
5.7
Road, rail and air noise
53 dB
Questions people ask
Is Shiawassee County, MI overvalued?
Home prices in Shiawassee County, MI are well above what local incomes have historically supported: fair value is about $182,565, so the area is 16.9% overvalued.
Is Shiawassee County, MI a buyer's or seller's market?
Shiawassee County, MI is a balanced market: homes take about 50 days to sell, listings are up 48% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Shiawassee County, MI?
Home values in Shiawassee County, MI are up 5.1% over the last year.
How much do you need to earn to buy a home in Shiawassee County, MI?
A household needs about $46,277 a year to afford the typical home in Shiawassee County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,235.