Ellis, MI housing market
Home prices around Ellis have risen about 95% over the past 5 years.
Home values, sales, trends and how Ellis compares with the towns next door — updated as new data is published.
Home prices up 95% in 5 years
The federal house price index for the ZIP codes around Ellis rose 95% over the past 5 years, faster than across Michigan (52%). Last year prices rose 10%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +10% | +184% | +97% |
| 2024 | +5.7% | +158% | +88% |
| 2023 | +19% | +144% | +76% |
| 2022 | +23% | +104% | +64% |
| 2021 | +14% | +66% | +45% |
| 2020 | +4.3% | +45% | +30% |
| 2019 | +7.8% | +40% | +26% |
| 2018 | +6.4% | +29% | +20% |
| 2017 | +7.9% | +22% | +12% |
| 2016 | +8.1% | +13% | +5.3% |
| 2015 | −0.9% | +4.3% | 0% |
| 2014 | +2.1% | +5.3% | −4.7% |
| 2013 | −3.6% | +3.2% | −12% |
| 2012 | −1.1% | +7% | −16% |
| 2011 | −6.9% | +8.2% | −16% |
| 2010 | −7.6% | +16% | −12% |
| 2009 | −6.7% | +26% | −5% |
| 2008 | 0% | +35% | +3.5% |
| 2007 | +4.1% | +35% | +11% |
| 2006 | −7.2% | +30% | +16% |
| 2005 | +17% | +40% | +18% |
| 2004 | −0.2% | +19% | +14% |
| 2003 | +5.9% | +19% | +10% |
| 2002 | +2.9% | +13% | +8.3% |
| 2001 | +9.7% | +9.7% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49799, 49705, 49749, covering 62% of Ellis’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Ellis and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Ellis | +10.2%† | $980 | $76,563 |
| Nunda | +8.7%† | $970 | $58,707 |
| Mentor | +10.3%† | $1,010 | $60,208 |
| Koehler | +11.7%† | $1,010 | $61,859 |
| Tuscarora | +12.1%† | $1,030 | $66,042 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Ellis is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,310
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49705, 49749, 49799; Cheboygan 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. 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.