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Grayling, MI Home Values and Rents
The typical home value in Grayling is $183,579, 258th highest of 442 cities and towns in Michigan. Median rent is $788 a month.
- Typical home value
- $183,579
- 258th of 442 in MI
- Median rent
- $788/mo
- ACS 2020-2024
- Price change, 1 year
- +2.7%
- Sep 2026
- Homeownership
- 42.1%
- MI: 73.2%
Typical home value in Grayling
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Grayling |
|---|---|
| Sep 2026 | $183,579 |
| Dec 2025 | $181,223 |
| Dec 2024 | $179,784 |
| Dec 2023 | $165,982 |
| Dec 2022 | $163,363 |
| Dec 2021 | $151,267 |
| Dec 2020 | $127,700 |
| Dec 2019 | $113,971 |
| Dec 2018 | $107,117 |
| Dec 2017 | $95,809 |
| Dec 2016 | $84,446 |
| Dec 2015 | $81,291 |
| Dec 2014 | $73,057 |
| Dec 2013 | $73,881 |
| Dec 2012 | $63,714 |
Over five years, Grayling prices changed +22.9%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Michigan
- Median home value
- $160,800 · MI $231,600
- Median gross rent
- $788/mo · MI $1,129
- Home value to income
- 4.9 times the median household income ($32,545)
- Rent to income
- A year of median rent equals 29% of median household income
- Owner-occupied
- 42.1% of 755 households
- Housing units
- 833
- Vacancy rate
- 9.4%
- Median year built
- 1969
Fair Market Rents, FY2027
HUD rent standard for Crawford County, MI
| Unit size | Monthly rent |
|---|---|
| Studio | $764 |
| 1 bedroom | $867 |
| 2 bedrooms | $1,097 |
| 3 bedrooms | $1,307 |
| 4 bedrooms | $1,542 |
Frequently asked questions
- What is the typical home value in Grayling, MI?
- The typical home value in Grayling is $183,579 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Grayling?
- The median rent in Grayling is $788 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,097.
- Are home prices going up in Grayling?
- The typical home value in Grayling changed +2.7% over one year and +22.9% over five years, as of Sep 2026.
- How does Grayling compare with the rest of Michigan?
- Grayling has the 258th highest median home value of 442 cities and towns with 1,000+ residents in Michigan.