A typical Grayling home is worth roughly $213,000
Home prices around Grayling have risen about 76% over the past 5 years.
What kind of housing town is Grayling?
Read from the numbers below. The page puts what stands out first.
Home prices up 76% in 5 years
The federal house price index for the ZIP code around Grayling rose 76% over the past 5 years, faster than across Michigan (52%). Last year prices rose 14%. Carrying the Census median home value forward with that index puts the typical Grayling home at roughly $213,000 today.
Carrying the Census median forward with the index puts a typical home at about $213K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Grayling, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 6.5 years of income
More than across Michigan (3.7 years). Try your own numbers below.
That’s $88K short of a typical Grayling home.
A two-bedroom rents for about $1,070 a month here, $240 less than owning.
How Grayling ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Grayling’s typical property tax (1.11% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,070
Renters already here pay a median of $788, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Kalkaska County, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
42% of Grayling households own their home
Half of Grayling’s homes were built before 1969.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
On the market in Grayling
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Grayling buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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.