Gilmore, MI housing market
Home prices around Gilmore have risen about 99% over the past 5 years.
Home values, sales, trends and how Gilmore compares with the towns next door — updated as new data is published.
Home prices up 99% in 5 years
The federal house price index for the ZIP codes around Gilmore rose 99% over the past 5 years, faster than across Michigan (52%). Last year prices rose 6.8%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +6.8% | +240% | +97% |
| 2024 | +12% | +218% | +88% |
| 2023 | +14% | +184% | +76% |
| 2022 | +26% | +149% | +64% |
| 2021 | +16% | +97% | +45% |
| 2020 | +3.7% | +71% | +30% |
| 2019 | +8.1% | +65% | +26% |
| 2018 | −0.4% | +52% | +20% |
| 2017 | +12% | +53% | +12% |
| 2016 | +4.5% | +37% | +5.3% |
| 2015 | +8.8% | +31% | 0% |
| 2014 | −0.3% | +20% | −4.7% |
| 2013 | −0.3% | +21% | −12% |
| 2012 | +0.3% | +21% | −16% |
| 2011 | −4.7% | +21% | −16% |
| 2010 | −4.1% | +27% | −12% |
| 2009 | −6.4% | +32% | −5% |
| 2008 | −1% | +41% | +3.5% |
| 2007 | −2.2% | +43% | +11% |
| 2006 | +6.9% | +46% | +16% |
| 2005 | +8.2% | +37% | +18% |
| 2004 | +7.7% | +26% | +14% |
| 2003 | +3.1% | +17% | +10% |
| 2002 | +3.6% | +14% | +8.3% |
| 2001 | +9.8% | +9.8% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49635, 49628, 49616, covering 84% of Gilmore’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.
Gilmore and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Gilmore | — | +6.8%† | $1,110 | $103,438 |
| Elberta | — | — | $1,110 | $114,375 |
| Frankfort | $526K | +7.2% | $1,110 | $54,327 |
| Crystal Lake | — | +6.8%† | $1,110 | $69,913 |
† 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 $1,110
HUD's Fair Market Rent for a two-bedroom in Gilmore is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gilmore pay a median of $850, so moving in tends to cost more than staying put.
Studio $810 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49616, 49628, 49635; Benzie County, MI HUD Metro FMR Area), 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.