Reed City, MI
Full City Profile · Michigan · Osceola County County
3.3
/5.0
B
Good
2,505
Population
1,193/sq mi density
$48,646
Median Income
$25,175 per capita
$105,400
Home Value
$197,984 Zillow
$587
Median Rent
24.1% income on rent
45°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$48,646 median income, 7.9% unemployment
A+
Affordability
5.0 / 5.0
$105,400 home value, $587/mo rent
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Housing Overview
Median Home Value
$105,400
63% below
US avg: $281,900
Median Rent
$587/mo
50% below
US avg: $1,163/mo
Homeownership Rate
59.7%
9% below US avg (65.4%)
Total Housing Units
1,184
Median year built: 1958
Home Value by Source
Census Median
$105,400
Zillow (ZHVI)
$197,984
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
59.7%
Owner-Occupied
40.3%
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:
$587/mo
Affordability & Housing Stock
Rent Burden
24.1%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
59.7%
Complete Housing Data
Home Values
| Census Median Value | $105,400 |
| Zillow Home Value (ZHVI) | $197,984 |
Rent
| Census Median Rent | $587 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 59.7% |
| Renter-Occupied | 40.3% |
| Homeownership Rate | 59.7% |
| Total Housing Units | 1,184 |
| Median Year Built | 1958 |
| Rent Burden | 24.1% |