Housing
Michigan State Authority's median home value is $231,600, with median rent $1,129 (about the same as Michigan median $1,129). Homeownership rate: 65.9%. That's about the same as the Michigan median ($231,600).
- 3.2× annual income — home value vs. household income (vs Michigan 3.0×).
- 17.1 years to break even renting at the median (vs Michigan 15y).
Home Values & Rent
Median home value $231,600 — 1.2× the Michigan median ($193,400). Median rent $1,129/month. homeownership rate 65.9% — near the U.S. share of ~65%.
| Median Home Value | $231,600 (vs Michigan $193,400) |
|---|---|
| Median Rent | $1,129 (vs Michigan $1,101) |
| Renter Occupied Units | 1,092,179 |
Sources: Census ACS 5-Year 2024 — state-level query · Refreshed 2026-04-29
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Owner Occupied Units | 2,984,190 |
|---|
Sources: Census ACS 5-Year 2024 — state-level query · Refreshed 2026-04-29