Emerson, MI housing market
Home prices around Emerson have risen about 63% over the past 5 years.
Home values, sales, trends and how Emerson compares with the towns next door — updated as new data is published.
Home prices up 63% in 5 years
The federal house price index for the ZIP codes around Emerson rose 63% over the past 5 years, faster than across Michigan (52%). Last year prices rose 7.8%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +7.8% | +125% | +97% |
| 2024 | +11% | +108% | +88% |
| 2023 | +1.3% | +87% | +76% |
| 2022 | +16% | +85% | +64% |
| 2021 | +16% | +60% | +45% |
| 2020 | +2.6% | +38% | +30% |
| 2019 | +12% | +35% | +26% |
| 2018 | +4.5% | +20% | +20% |
| 2017 | +3.5% | +15% | +12% |
| 2016 | +0.5% | +11% | +5.3% |
| 2015 | +5.4% | +10% | 0% |
| 2014 | +4.8% | +4.5% | −4.7% |
| 2013 | +2.4% | −0.3% | −12% |
| 2012 | −6% | −2.6% | −16% |
| 2011 | +0.6% | +3.6% | −16% |
| 2010 | −4.5% | +3% | −12% |
| 2009 | −9.9% | +7.9% | −5% |
| 2008 | +0.1% | +20% | +3.5% |
| 2007 | −3.2% | +20% | +11% |
| 2006 | +0.4% | +23% | +16% |
| 2005 | +4.3% | +23% | +18% |
| 2004 | +5% | +18% | +14% |
| 2003 | +4% | +12% | +10% |
| 2002 | +1.3% | +7.9% | +8.3% |
| 2001 | +6.5% | +6.5% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48847, 48801, 48615, 48880, covering 82% of Emerson’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.
Emerson and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2015 | Median income |
|---|---|---|---|---|---|
| Emerson | — | +7.8%† | $990 | — | $78,000 |
| Ithaca | $199K | +8.2% | $970 | 0 | $63,109 |
| Bethany | — | −0.2%† | $1,030 | — | $80,461 |
| Arcada | — | +4.6%† | $970 | — | $88,523 |
| North Star | — | +13.6%† | $980 | — | $75,000 |
† 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 $990
HUD's Fair Market Rent for a two-bedroom in Emerson is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Emerson pay a median of $825, so moving in tends to cost more than staying put.
Studio $730 · 4 bedrooms $1,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48615, 48801, 48847, 48880; Gratiot 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.