Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Grayling

Learn about the people, housing, costs and businesses in Grayling, Michigan

Median Home$175,618
Median Rent$954/month
Population1,896
Leading IndustriesManufacturing · Transportation2% manufacturing
Home Value Growth⬆⬆+15.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners73% of occupied units
NotableAmenity Score71/100 · highly walkable area
Grayling
MI

Frequently Asked Questions

What are today's mortgage rates in Grayling?

As of today, the 30-year fixed mortgage rate for Grayling is approximately 6.927% (6.964% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Grayling
What is the median home price in Grayling?

The median home value in Grayling is $176k. The median monthly rent is $954. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grayling?

Home values in Grayling have increased 15.9% 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 Grayling?

Based on a typical all-in ownership cost of $760/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grayling is $60k/year.

Calculate your buying power
What industries drive the economy in Grayling?

The largest employment sectors in Grayling are public administration (24%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.