Stephenson, MI housing market
The typical Stephenson home is worth about $194,000, up 7.4% in a year, 27% below the Michigan typical home.
Home values, sales, trends and how Stephenson compares with the towns next door — updated as new data is published.
Stephenson at a glance
Typical home value, 2016–2026
Show as a table
| January | Stephenson | Michigan |
|---|---|---|
| 2017 | $84,000 | $144,000 |
| 2018 | $92,000 | $155,000 |
| 2019 | $96,000 | $165,000 |
| 2020 | $117,000 | $175,000 |
| 2021 | $133,000 | $194,000 |
| 2022 | $146,000 | $217,000 |
| 2023 | $156,000 | $230,000 |
| 2024 | $158,000 | $241,000 |
| 2025 | $174,000 | $253,000 |
| 2026 | $190,000 | $262,000 |
| August 2026 | $194,000 | $266,000 |
Stephenson and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Stephenson | $194K | +7.4% | $1,010 | $76,339 |
| Daggett | $199K | +9.9% | $1,250 | $49,500 |
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 $1,010
HUD's Fair Market Rent for a two-bedroom in Stephenson is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Stephenson pay a median of $742, so moving in tends to cost more than staying put.
Studio $730 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49821, 49887; Menominee 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.