A typical Ravenna home is worth roughly $259,000
The median sale price was $263,000 in May 2026.
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Ravenna?
Read from the numbers below. The page puts what stands out first.
8 new homes permitted in 2025
Builders were permitted 8 new homes in Ravenna in 2025, all in buildings with two or more homes. That's 5.2 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, Ravenna has permitted 49 homes in all.
Between the 2010 and 2020 censuses, Ravenna gained 89 residents while 10 new homes were permitted: about 8.9 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 8 | 0 | 8 | $960,000 |
| 2024 | 5 | 5 | 0 | $669,000 |
| 2023 | 10 | 10 | 0 | $2.8 million |
| 2022 | 12 | 12 | 0 | $2.7 million |
| 2021 | 4 | 4 | 0 | $796,000 |
| 2020 | 2 | 2 | 0 | $335,000 |
| 2019 | 1 | 1 | 0 | $152,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 4 | 4 | 0 | $930,000 |
| 2016 | 3 | 3 | 0 | $260,000 |
| 2015 | 2 | 2 | 0 | $357,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $350,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 2 | 2 | 0 | $330,000 |
| 2004 | 2 | 2 | 0 | $300,000 |
| 2003 | 3 | 3 | 0 | $450,000 |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 8 | 8 | 0 | $1.3 million |
| 2000 | 13 | 13 | 0 | $1.9 million |
How Ravenna ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Home prices up 69% in 5 years
The federal house price index for the ZIP code around Ravenna rose 69% over the past 5 years, faster than across Michigan (52%). Last year prices rose 2%. Carrying the Census median home value forward with that index puts the typical Ravenna home at roughly $259,000 today.
Carrying the Census median forward with the index puts a typical home at about $259K.
How Ravenna ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Ravenna, 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 3.3 years of income
About the same as across Michigan. Try your own numbers below.
That covers a typical Ravenna home, with $31K to spare.
A two-bedroom rents for about $1,240 a month here, $380 less than owning.
How Ravenna ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Ravenna’s typical property tax (1.24% 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 $1,240
Renters already here pay a median of $815, 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 (Holland-Grand Haven, 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.
83% of Ravenna households own their home
Half of Ravenna’s homes were built before 1972.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
On the market in Ravenna
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Ravenna 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.