The State of Michigan Area Home Supply Charts

This page looks at a variety of Michigan housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Michigan depicts it has a Housing Units of 4,611,913 which is the third most housing units of all other states in the greater Michigan region.

Figure 2 illustrates the housing density in the Michigan housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of depicts it has a Housing Density of 81.8 which is the third most housing densities of all other states in the greater Michigan region. The state with the highest housing density in the group is Ohio which depicts a density of 127.5 (55.8% larger).

In Figure 4, Michigan area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of shows it has a Housing Unit Change of 1.8% which is the third most of all other states in the surrounding region. The state with the highest change in the housing units in the group is Indiana which depicts a housing units of 3.9% (approximately 2.2 times bigger).

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) the state of depicts it has a Renter Percent of 28.3% which is less than most other states in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 71.7% which is the highest of all states in the local area.

The State of Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Michigan home price is illustrated for this community and a useful analysis of affordable housing. Michigan depicts it has a Median Home Value of $162,600 which is the third most of all other states in the metropolitan area. The state with the highest median home price in the group is Illinois which depicts a home price of $202,100 (24.3% larger). Figure 8 provides aggregate comparative data for the Michigan metro area in terms of the median housing rental rate, apartment rent, etc. the state of depicts it has a Median Gross Rent of $892 which is the second most rental rates of all the states in the greater Michigan region. The state with the highest rental rates in the group is Illinois which depicts a rental rates of $1,038 (16.4% larger).

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. the state of depicts it has a Median Owner Cost of $932 which is in the mid point range of other states in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Michigan metro area. it has a Owner Cost as % of HH Income of 17% which is the third most cost as a percent of household income of all other states in the greater Michigan region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. the state of depicts it has a Median Home Value as Percent of Median Earnings of 325% which is the third most median home value as a percent of median worker earnings of all other states in the greater Michigan region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) the state of depicts it has a Median Owner Costs-With Mortgage of $1,312 which is the third most of all other states in the surrounding region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $495 which is the third most median housing cost of all other states in the greater Michigan region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Michigan has one of the largest proportions of owner cost less than $300 at 15% of the total and is ranked #2. The only larger state being Indiana with 17%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) the state of depicts it has a % of Income Owner Costs-With Mortgage of 19% which is the third most cost as a percent of household income of all other states in the greater Michigan region. The state with the highest cost as a percent of household income in the group is Illinois which depicts a cost as a percent of household income of 21% (9.4% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. the state of depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the third most of all other states in the greater region. The state with the highest cost as a percent of household income in the group is Illinois which depicts a cost as a percent of household income of 13% (6.8% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Michigan has the smallest proportion of rent as a percent of income is less than 10 pct at 22% of the total. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 22% of the total. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 8% of the total and is ranked #1. Also, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 23% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,441 which is the third most median real estate taxes paid of all other states in the greater Michigan region. The state with the highest median real estate taxes paid in the group is Illinois which depicts a taxes paid of $4,529 (about twice as large).

The State of Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Michigan has the smallest proportion of With mortgage at 52% of the total. Second, it has the smallest proportion of No 2nd Mortgage or HELOC at 7% of the total. Third, it has the smallest proportion of With Multiple Mortgages at 0% of the total. Also, it has the smallest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 6% of the total. In addition, it has the smallest proportion of Primary Mortgage and HELOC at 1% of the total. Furthermore, it has the largest proportion of With HELOC no Primary Mortgage at 40% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Michigan has the largest proportion of houses with mortgages at 40% of the total and is ranked #1.

The State of Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is the third most family members per housing unit of all other states in the greater Michigan region. The state with the highest family members per housing unit in the group is Illinois which depicts a family members per housing unit of 3.3 (only about 4.6% larger).

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.8 which is the second most average number of rooms in a house of all the states in the greater Michigan region. The state with the highest average number of rooms in a house in the group is Ohio which depicts an average number of rooms in a house of 5.9 ( only slightly larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1971 which is the third most year built of all other states in the greater Michigan region. The state with the highest year built in the group is Indiana which depicts a year built of 1974 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built in 2014 or later at 1% of the total. Second, it has in the mid point range of other states in the metro area in order of homes built between 2010 to 2013 at 10% of the total. Third, it has the largest proportion of homes built between 1980 to 1989 at 15% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1960 to 1969 at 15% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1950 to 1959 at 7% of the total and is ranked #1. Furthermore, it has the smallest proportion of homes built between 1940 to 1949 at 15% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 1,124,923 of the total and is ranked #3. Only #2 Ohio (1,589,054), and #1 Illinois (1,646,283) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit attached at 2% of the total. Second, it has the smallest proportion of 2 units at 3% of the total. Third, it has the smallest proportion of 3 or 4 units at 4% of the total. Also, it has the largest proportion of 50 or more units at 5% of the total and is ranked #1. In addition, it has the smallest proportion of mobile home at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $307,700 of the total and is ranked #3. Only #2 Illinois ($309,100), and #1 Wisconsin ($313,400) are larger. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $244,400 of the total and is ranked #3. Only #2 Wisconsin ($267,200), and #1 Illinois ($275,300) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $221,800 of the total and is ranked #3. Only #2 Illinois ($242,200), and #1 Wisconsin ($243,400) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $187,600 of the total and is ranked #3. Only #2 Wisconsin ($199,400), and #1 Illinois ($223,300) are larger. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $166,800 of the total and is ranked #3. Only #2 Illinois ($175,400), and #1 Wisconsin ($179,800) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $155,000 of the total and is ranked #3. Only #2 Wisconsin ($171,300), and #1 Illinois ($174,300) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $122,900 of the total and is ranked #3. Only #2 Wisconsin ($150,200), and #1 Illinois ($166,800) are larger. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $103,300 of the total and is ranked #3. Only #2 Wisconsin ($139,200), and #1 Illinois ($140,700) are larger. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $115,200 of the total and is ranked #3. Only #2 Wisconsin ($143,100), and #1 Illinois ($168,500) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 14% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Michigan residents. it has a Owner-Household Size of 2.5 which is the third most homeowner household size of all other states in the greater Michigan region. The state with the highest homeowner household size in the group is Illinois which depicts a homeowner household size of 2.7 (only about 5.1% larger).

Figure 37 shows the household size for renters. the state of depicts it has a Renter-Household Size of 2.2 which is the third most of all other states in the greater region. The state with the highest renter household size in the group is Illinois which depicts a renter household sizes of 2.3 (only about 4.1% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2018 at 20% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 26% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2005 which is the largest of all states in the greater Michigan region. Figure 41 compares the median year that renters moved into their home. the state of depicts it has a Renter Median Year Moved In of 2016 which is at the top of all other states in the greater Michigan region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 10% of the total. Second, it has the smallest proportion of homes using wood at 0% of the total. Third, it has the largest proportion of homes using solar energy at 1% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Michigan housing department, department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. the state of shows it has a Total In Group Quarters of 225,743 which is the third most number of people in group quarters of all other states in the greater Michigan region.