Housing in Eden

A typical Eden home is worth roughly $163,000

Home prices around Eden have risen about 40% over the past 5 years.

Typical home value

$163K

▼ 15.7% in a year · MI $266K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$1,436

MI $2,904

What kind of housing town is Eden?

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

A second-home town71% of homes are seasonal or vacation homes.Prices coolingDown 15.7% in a year.Your money goes further39% below the Michigan typical home.A town of owners91% of households own their home.

★ What stands out · The homes

91% of Eden households own their home

Half of Eden’s homes were built before 1983.

Owners and renters

Own 91%Rent 9%

Michigan: 73% own.

1983

typical home built · MI 1972

$1,436

median property tax bill · MI $2,904

71%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Price trend

Home prices up 40% in 5 years

The federal house price index for the ZIP codes around Eden rose 40% over the past 5 years, slower than across Michigan (52%). Last year prices fell 16%.

Eden areaMichigan

−16%

past year

+40%

past 5 years

+112%

past 10 years

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

Affordability

What it takes to buy in Eden

Try your own numbers below.

You could afford about

$271,000

Typical Eden home $163K

That covers a typical Eden home, with $108K to spare.

The typical home, each month

$1,020

Loan $800Tax $170Insurance $50

A two-bedroom rents for about $970 a month here, $50 less than owning.

Where your budget reaches nearby

Newkirk$111K Elk$182K Norman$157K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% 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 $910.

Fair Market Rent a month, utilities included

Studio$690

1 bedroom$740

2 bedrooms$970

3 bedrooms$1,350

4 bedrooms$1,640

of households rent · MI 27%

renter households

$910

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lake 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

Eden vs. its neighbors

Eden is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.

Elk$182K Eden$163K Norman$157K Newkirk$111K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Eden	$163K*	−15.7%†	$970	$58,750
Newkirk	$111K*	—	$1,060	$56,268
Peacock	—	−6%†	$990	$52,679
Elk	$182K*	−15.7%†	$970	$56,438
Norman	$157K*	—	$980	$63,634

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 Eden buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Eden 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.