Elsie, MI
Full City Profile · Michigan · Gratiot County County
3.1
/5.0
B
Good
951
Population
834/sq mi density
$55,000
Median Income
$26,273 per capita
$107,600
Home Value
$207,440 Zillow
$692
Median Rent
27.9% income on rent
49°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$55,000 median income, 25.7% unemployment
A+
Affordability
5.0 / 5.0
$107,600 home value, $692/mo rent
D
Education
1.6 / 5.0
7.6% bachelor's degree or higher
Housing Overview
Median Home Value
$107,600
62% below
US avg: $281,900
Median Rent
$692/mo
40% below
US avg: $1,163/mo
Homeownership Rate
80.2%
23% above US avg (65.4%)
Total Housing Units
442
Median year built: 1956
Home Value by Source
Census Median
$107,600
Zillow (ZHVI)
$207,440
Redfin Median Sale
$88,000
Median Sale Price
$88,000
Median List Price
$134,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.2%
Owner-Occupied
19.8%
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
Census median rent:
$692/mo
Market Indicators (Redfin)
Median Sale Price
$88,000
Median Days on Market
36 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
4
Price Drops
40.0%
of listings with price reduction
Price Per Sq Ft
$66
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
80.2%
Complete Housing Data
Home Values
| Census Median Value | $107,600 |
| Zillow Home Value (ZHVI) | $207,440 |
| Redfin Median Sale | $88,000 |
| Median Sale Price | $88,000 |
| Median List Price | $134,900 |
| Price Per Sq Ft | $66 |
Rent
| Census Median Rent | $692 |
| 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 | 36 |
| Sale-to-List Ratio | 0.8% |
| Price Drops | 40.0% |
| Homes Sold | 4 |
| Active Inventory | 5 |
| Price Per Sq Ft | $66 |
Ownership & Stock
| Owner-Occupied | 80.2% |
| Renter-Occupied | 19.8% |
| Homeownership Rate | 80.2% |
| Total Housing Units | 442 |
| Median Year Built | 1956 |
| Rent Burden | 27.9% |