Baldwin, MI housing market
The typical Baldwin home is worth about $148,000, up 10.1% in a year, 44% below the Michigan typical home.
Home values, sales, trends and how Baldwin compares with the towns next door — updated as new data is published.
Baldwin at a glance
Typical home value, 2016–2026
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| January | Baldwin | Michigan |
|---|---|---|
| 2017 | $118,000 | $144,000 |
| 2018 | $122,000 | $155,000 |
| 2019 | $113,000 | $165,000 |
| 2020 | $104,000 | $175,000 |
| 2021 | $115,000 | $194,000 |
| 2022 | $115,000 | $217,000 |
| 2023 | $119,000 | $230,000 |
| 2024 | $125,000 | $241,000 |
| 2025 | $129,000 | $253,000 |
| 2026 | $143,000 | $262,000 |
| August 2026 | $148,000 | $266,000 |
No new homes permitted in 2011
No permits for new homes were issued in Baldwin in 2011. The last year with any was 2009 (3 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $390,000 |
| 2008 | 3 | 3 | 0 | $390,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 4 | 4 | 0 | $500,000 |
| 2004 | 5 | 5 | 0 | $825,000 |
| 2003 | 1 | 1 | 0 | $105,000 |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 4 | 4 | 0 | $400,000 |
| 2000 | 2 | 2 | 0 | $130,000 |
Baldwin's permit office didn't report to the Census in 2011, so the 2011 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
5.9 years of income
The typical Baldwin home costs about 5.9 years of the town's median household income, more than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Baldwin is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Baldwin pay a median of $628, so moving in tends to cost more than staying put. A two-bedroom takes about 47% of the town's median household income, above the 30% guideline for affordable housing.
Studio $700 · 4 bedrooms $1,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49304; Lake County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.