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Schoolcraft County Housing Market

Michigan · 83 counties · Ranked #707 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$123,500

vs national$123,500 vs $281,900 national

Median Gross Rent

$654/mo

vs national$654 vs $1,163 national

Effective Tax Rate

1.09%

vs national+1.09% vs 1.02% national

Median Household Income

$57,708

vs national$57,708 vs $74,755 national

Affordability Ratio

2.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,348

Tax as % of Home Value

1.09%

Monthly Owner Cost

$660

Renter Income

$26,402

Frequently Asked Questions

What is the median home value in Schoolcraft County?
The median home value in Schoolcraft County is $123,500. This is below the national median of $281,900.
How much is rent in Schoolcraft County?
The median gross rent in Schoolcraft County is $654 per month.
What is the property tax rate in Schoolcraft County?
The effective property tax rate in Schoolcraft County is 1.09%. The median annual property tax bill is $1,348.
Is Schoolcraft County affordable?
With a home-value-to-income ratio of 2.1x, Schoolcraft County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.