Chatham, MI housing market
The typical Chatham home is worth about $221,000, up 15.7% in a year, 17% below the Michigan typical home.
Home values, sales, trends and how Chatham compares with the towns next door — updated as new data is published.
Chatham at a glance
Typical home value, 2017–2026
Show as a table
| January | Chatham | Michigan |
|---|---|---|
| 2018 | $127,000 | $155,000 |
| 2019 | $137,000 | $165,000 |
| 2020 | $126,000 | $175,000 |
| 2021 | $160,000 | $194,000 |
| 2022 | $167,000 | $217,000 |
| 2023 | $179,000 | $230,000 |
| 2024 | $173,000 | $241,000 |
| 2025 | $185,000 | $253,000 |
| 2026 | $208,000 | $262,000 |
| August 2026 | $221,000 | $266,000 |
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Chatham is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $710 · 4 bedrooms $1,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49816; Alger 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.