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Gratiot County

Learn about the people, housing, costs and businesses in Gratiot County County

Median Home$147,965
Median Rent$840/month
Population41,385
Leading IndustriesPublic Administration · Retail26% public administration
Home Value Growth⬆⬆+19.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners79% of occupied units
Gratiot County
MI

Frequently Asked Questions

What are today's mortgage rates in Gratiot County?

As of today, the 30-year fixed mortgage rate for Gratiot County is approximately 7.210% (7.244% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gratiot County?

The median home value in Gratiot County is $148k. The median monthly rent is $840. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gratiot County?

Home values in Gratiot County have increased 19.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gratiot County?

Based on a typical all-in ownership cost of $889/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gratiot County is $64k/year.

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What industries drive the economy in Gratiot County?

The largest employment sectors in Gratiot County are public administration (26%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas