Housing in Grayling, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$168,872
Grayling vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Grayling is highlighted.
Median Home Value
35th%ilemost expensive$131,800show rank
Median Rent
42nd%ilemost expensive rent$879show rank
Rent Burden
97th%ilehighest rent burden33.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$131,800
Median Rent
$879
Total Housing Units
798
Vacancy Rate
11.2%
Owner Occupied
45.4%
Renter Occupied
54.6%
Median Property Tax
$1,427
per year
Monthly Cost (w/ Mortgage)
$609
Housing Types
Single Family68.4%
Multi-Family30.4%
Mobile Home1.1%
The median home value in Grayling, MI is $131,800. According to Zillow, the home value index for Grayling is $168,872. The median rent is $879 per month (Census ACS). About 45.4% of housing units are owner-occupied. The median year homes were built is 1960. There are 798 total housing units.