Genesee County
Michigan · Pop. 406,892
Ranked #7 of 200 counties
62Moderate
Median Home Price
🏠$150K
3.5% YoY
Median Rent
🔑$950
Median Income
💰$42K
Rent Burden
📊30.0%
% of income to rent
Housing Shortage
🏗️2,000
estimated unit deficit
Building Permits (2024)
📋800
Price-to-Income Ratio
⚖️3.6x
Homeownership Rate
🏡66.0%
How Genesee County Compares
| Metric | Genesee County | Michigan | National |
|---|---|---|---|
| Home Price | $150K | $236K | $410K |
| Rent | $950 | $1,101 | $1,500 |
| Income | $42K | $69K | $75K |
| Rent Burden | 30.0% | 30.0% | 30.0% |
| Homeownership | 66.0% | 74.0% | 65.0% |
Key Takeaways
- • Home prices are 63% below the national average.
- • Rent is 37% below the national average.
- • The county has an estimated housing shortage of 2,000 units.
- • 800 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.5%.