Wolverine, MI
Full City Profile · Michigan · Cheboygan County County
3.3
/5.0
B
Good
226
Population
231/sq mi density
$48,250
Median Income
$24,947 per capita
$123,600
Home Value
$193,454 Zillow
$600
Median Rent
25.0% income on rent
42°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$48,250 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$123,600 home value, $600/mo rent
D
Education
1.8 / 5.0
10.1% bachelor's degree or higher
Housing Overview
Median Home Value
$123,600
56% below
US avg: $281,900
Median Rent
$600/mo
48% below
US avg: $1,163/mo
Homeownership Rate
91.4%
40% above US avg (65.4%)
Total Housing Units
111
Median year built: 1963
Home Value by Source
Census Median
$123,600
Zillow (ZHVI)
$193,454
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.4%
Owner-Occupied
8.6%
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:
$600/mo
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
91.4%
Complete Housing Data
Home Values
| Census Median Value | $123,600 |
| Zillow Home Value (ZHVI) | $193,454 |
Rent
| Census Median Rent | $600 |
| 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 | 91.4% |
| Renter-Occupied | 8.6% |
| Homeownership Rate | 91.4% |
| Total Housing Units | 111 |
| Median Year Built | 1963 |
| Rent Burden | 25.0% |