Michigan,
by the numbers.
A high-level rental-market baseline from official Census and FHFA data. Use it to compare areas before underwriting a specific property.
ACS values are estimates for 2020–2024. FHFA values are seasonally adjusted state index changes for the latest published quarter at retrieval, not a current home price. The insurance figure is the statewide average HO-3 owner-occupied premium from the NAIC 2023 report. These are not listings, asking rents, property-specific tax or insurance quotes, or investment recommendations. Sources and limitations.
Explore places in Michigan.
Largest Census places by population. Search the full catalog for more locations.
| Place | Population | Median rent | Median home value | Vacancy | Open |
|---|---|---|---|---|---|
| Detroit | 638.5K | $1,074 | $83,900 | 21.7% | |
| Grand Rapids | 198.5K | $1,266 | $244,500 | 5.5% | |
| Warren | 137.9K | $1,225 | $193,400 | 5.5% | |
| Sterling Heights | 133.6K | $1,292 | $274,300 | 3.5% | |
| Ann Arbor | 122K | $1,649 | $453,400 | 7.2% | |
| Lansing | 113K | $993 | $128,700 | 7.8% | |
| Dearborn | 107.4K | $1,327 | $218,800 | 6.9% | |
| Livonia | 93.9K | $1,322 | $281,100 | 3.3% | |
| Troy | 87.9K | $1,602 | $420,300 | 4.3% | |
| Westland | 83.6K | $1,158 | $184,600 | 6.2% | |
| Farmington Hills | 83.5K | $1,551 | $354,500 | 6.8% | |
| Flint | 80.2K | $915 | $53,500 | 19.7% |
Model a property in Michigan.
Start with the statewide ACS medians, then replace every assumption with the property’s actual rent, taxes, insurance and financing.
Use Michigan baseline