Housing in Chatham, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$195,334
Chatham vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Chatham is highlighted.
Median Home Value
42nd%ilemost expensive$154,200show rank
Median Rent
15th%ilemost expensive rent$683show rank
Rent Burden
40th%ilehighest rent burden17.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$154,200
Median Rent
$683
Total Housing Units
96
Vacancy Rate
24.0%
Owner Occupied
75.3%
Renter Occupied
24.7%
Median Property Tax
$1,484
per year
Monthly Cost (w/ Mortgage)
$606
Housing Types
Single Family81.3%
Multi-Family16.7%
Mobile Home2.1%
The median home value in Chatham, MI is $154,200. According to Zillow, the home value index for Chatham is $195,334. The median rent is $683 per month (Census ACS). About 75.3% of housing units are owner-occupied. The median year homes were built is 1964. There are 96 total housing units.