All Countries
Elberta, MI
Full City Profile · Michigan · Benzie County County
3.6
/5.0
B+
Good
181
Population
241/sq mi density
$125,938
Median Income
$62,693 per capita
$272,400
Home Value
$493,821 Zillow
47°F
Avg Temperature
270 sunny days/yr
213
Violent Crime/100K
1,953 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$125,938 median income, 1.7% unemployment
A+
Affordability
5.0 / 5.0
$272,400 home value, /mo rent
F
Safety
1.0 / 5.0
213 violent crimes/100K
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher
Housing Overview
Median Home Value
$272,400
3% below
US avg: $281,900
Homeownership Rate
96.6%
48% above US avg (65.4%)
Total Housing Units
182
Median year built: 1942
Home Value by Source
Census Median
$272,400
Zillow (ZHVI)
$493,821
Median Sale Price
$170,000
Median List Price
$57,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
96.6%
Owner-Occupied
3.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Market Indicators (Redfin)
Median Days on Market
118 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$126
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
28.2%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1942
Average age of housing stock: 84 years
Homeownership Rate
96.6%
Complete Housing Data
Home Values
| Census Median Value | $272,400 |
| Zillow Home Value (ZHVI) | $493,821 |
| Median Sale Price | $170,000 |
| Median List Price | $57,500 |
| Price Per Sq Ft | $126 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 118 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 1 |
| Price Per Sq Ft | $126 |
Ownership & Stock
| Owner-Occupied | 96.6% |
| Renter-Occupied | 3.4% |
| Homeownership Rate | 96.6% |
| Total Housing Units | 182 |
| Median Year Built | 1942 |
| Rent Burden | 28.2% |