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Ithaca, MI Home Values and Rents
The typical home value in Ithaca is $195,567, 326th highest of 442 cities and towns in Michigan. Median rent is $819 a month.
- Typical home value
- $195,567
- 326th of 442 in MI
- Median rent
- $819/mo
- ACS 2020-2024
- Price change, 1 year
- +6.6%
- Sep 2026
- Homeownership
- 72.3%
- MI: 73.2%
Typical home value in Ithaca
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Ithaca |
|---|---|
| Sep 2026 | $195,567 |
| Dec 2025 | $192,901 |
| Dec 2024 | $176,907 |
| Dec 2023 | $174,837 |
| Dec 2022 | $176,162 |
| Dec 2021 | $180,103 |
| Dec 2020 | $153,362 |
| Dec 2019 | $138,696 |
| Dec 2018 | $126,147 |
| Dec 2017 | $125,175 |
| Dec 2016 | $119,141 |
| Dec 2015 | $106,200 |
| Dec 2014 | $107,837 |
| Dec 2013 | $108,011 |
| Dec 2012 | $106,690 |
Over five years, Ithaca prices changed +12.3%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Gratiot County, MI
| Unit size | Monthly rent |
|---|---|
| Studio | $726 |
| 1 bedroom | $778 |
| 2 bedrooms | $1,018 |
| 3 bedrooms | $1,344 |
| 4 bedrooms | $1,454 |
Frequently asked questions
- What is the typical home value in Ithaca, MI?
- The typical home value in Ithaca is $195,567 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Ithaca?
- The median rent in Ithaca is $819 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,018.
- Are home prices going up in Ithaca?
- The typical home value in Ithaca changed +6.6% over one year and +12.3% over five years, as of Sep 2026.
- How does Ithaca compare with the rest of Michigan?
- Ithaca has the 326th highest median home value of 442 cities and towns with 1,000+ residents in Michigan.