Housing in Weare

A typical Weare home is worth roughly $227,000

Home prices around Weare have risen about 74% over the past 5 years.

Typical home value

$227K

▼ 1.1% in a year · MI $266K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$2,185

MI $2,904

Price trend

Home prices up 74% in 5 years

The federal house price index for the ZIP codes around Weare rose 74% over the past 5 years, faster than across Michigan (52%). Last year prices fell 1.1%. Carrying the Census median home value forward with that index puts the typical Weare home at roughly $227,000 today.

Weare areaMichigan

−1.1%

past year

+74%

past 5 years

+118%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $227K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Weare, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 4.1 years of income

More than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$204,000

Typical Weare home $227K

That’s $23K short of a typical Weare home.

The typical home, each month

$1,430

Loan $1,120Tax $240Insurance $70

A two-bedroom rents for about $980 a month here, $450 less than owning.

Where your budget reaches nearby

Pentwater$403K Hart$214K Crystal$118K Riverton$186K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Weare’s typical property tax (1.26% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $1,135.

Fair Market Rent a month, utilities included

Studio$690

1 bedroom$750

2 bedrooms$980

3 bedrooms$1,210

4 bedrooms$1,530

14%

of households rent · MI 27%

renter households

35%

of renters spend 30%+ of income on rent · MI 50%

21%

of the median income, for a two-bedroom

$1,135

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Oceana County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

87% of Weare households own their home

Half of Weare’s homes were built before 1982.

Owners and renters

Own 87%Rent 14%

Michigan: 73% own.

1982

typical home built · MI 1972

$2,185

median property tax bill · MI $2,904

1.26%

of a home’s value, a year in tax · MI 1.25%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Weare vs. its neighbors

Weare is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Pentwater$403K Weare$227K Hart$214K Riverton$186K Crystal$118K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Weare	$227K*	−1.1%†	$980	$55,114
Pentwater	$403K	+5.4%	$970	$87,708
Hart	$214K	+8.3%	$980	$59,821
Crystal	$118K*	−1.1%†	$1,020	$54,375
Riverton	$186K*	−0.8%†	$990	$63,250

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Weare buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Weare still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.