Housing in Benona

A typical Benona home is worth roughly $291,000

Home prices around Benona have risen about 61% over the past 5 years.

Typical home value

$291K

▲ 9.8% in a year · MI $266K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$1,932

MI $2,904

What kind of housing town is Benona?

Read from the numbers below. The page puts what stands out first.

A second-home town49% of homes are seasonal or vacation homes.Prices climbing fastUp 9.8% in a year.A town of owners95% of households own their home.

★ What stands out · The homes

95% of Benona households own their home

Half of Benona’s homes were built before 1984.

Owners and renters

Own 95%Rent 5%

Michigan: 73% own.

1984

typical home built · MI 1972

$1,932

median property tax bill · MI $2,904

0.78%

of a home’s value, a year in tax · MI 1.25%

49%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 61% in 5 years

The federal house price index for the ZIP codes around Benona rose 61% over the past 5 years, faster than across Michigan (52%). Last year prices rose 9.8%. Carrying the Census median home value forward with that index puts the typical Benona home at roughly $291,000 today.

Benona areaMichigan

+9.8%

past year

+61%

past 5 years

+104%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $291K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Benona, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 3.7 years of income

About the same as across Michigan. Try your own numbers below.

You could afford about

$309,000

Typical Benona home $291K

That covers a typical Benona home, with $18K to spare.

The typical home, each month

$1,710

Loan $1,440Tax $190Insurance $80

A two-bedroom rents for about $970 a month here, $740 less than owning.

Where your budget reaches nearby

Shelby$247K Golden$265K Claybanks$275K Hart$214K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Benona’s typical property tax (0.78% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $970

Renters already here pay a median of $900.

Fair Market Rent a month, utilities included

Studio$690

1 bedroom$740

2 bedrooms$970

3 bedrooms$1,200

4 bedrooms$1,560

of households rent · MI 27%

renter households

41%

of renters spend 30%+ of income on rent · MI 50%

15%

of the median income, for a two-bedroom

$900

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Oceana County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Benona vs. its neighbors

Benona is the priciest of 5 neighboring towns. Tap one to see its housing page.

Benona$291K Claybanks$275K Golden$265K Shelby$247K Hart$214K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Benona	$291K*	+9.8%†	$970	$77,632
Shelby	$247K	+8.9%	$970	$67,736
Golden	$265K*	—	$1,030	$67,426
Claybanks	$275K*	−1.8%†	$1,010	$68,281
Hart	$214K	+8.3%	$980	$59,821

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Benona buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Benona still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.