Housing in Indian River, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$298,891
Indian River vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Indian River is highlighted.
Median Home Value
60th%ilemost expensive$218,000show rank
Median Rent
36th%ilemost expensive rent$844show rank
Rent Burden
36th%ilehighest rent burden16.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$218,000
Median Rent
$844
Total Housing Units
2,043
Vacancy Rate
45.0%
Owner Occupied
80.5%
Renter Occupied
19.5%
Median Property Tax
$1,819
per year
Monthly Cost (w/ Mortgage)
$832
Housing Types
Single Family88.5%
Multi-Family5.0%
Mobile Home6.5%
The median home value in Indian River, MI is $218,000. According to Zillow, the home value index for Indian River is $298,891. The median rent is $844 per month (Census ACS). About 80.5% of housing units are owner-occupied. The median year homes were built is 1983. There are 2,043 total housing units.