Michigan
Ranked #14 of 51 for housing affordability
68Moderate
Median Home Price
🏠$235K
4x income
Median Rent
🔑$1K
30.0% rent-burdened
Median Income
💰$59K
Population: 10,037,261
Homeownership
🏡71.0%
7,977 experiencing homelessness
Housing Shortage
📉60,000
units needed
Building Permits (2024)
🔨20,000
Price-to-Income
📊4x
Severe Rent Burden
⚠️14.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in Michigan
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Detroit | 68 | $220K | $1K | $60K | 31.0% |
| Grand Rapids | 55 | $300K | $1K | $62K | 30.0% |
Housing Policies
Michigan State Housing Development Authoritylow-income housing tax creditsneighborhood enterprise zones