Housing in New Era, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$234,035
New Era vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. New Era is highlighted.
Median Home Value
48th%ilemost expensive$172,200show rank
Median Rent
52nd%ilemost expensive rent$967show rank
Rent Burden
19th%ilehighest rent burden14.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$172,200
Median Rent
$967
Total Housing Units
193
Vacancy Rate
7.8%
Owner Occupied
94.4%
Renter Occupied
5.6%
Median Property Tax
$1,761
per year
Monthly Cost (w/ Mortgage)
$582
Housing Types
Single Family97.9%
Multi-Family1.6%
Mobile Home0.5%
The median home value in New Era, MI is $172,200. According to Zillow, the home value index for New Era is $234,035. The median rent is $967 per month (Census ACS). About 94.4% of housing units are owner-occupied. The median year homes were built is 1961. There are 193 total housing units.