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Calhoun County, MI

RANK #18 / 1001 NAT  ·  #1 / 36 MI  ·  POP 133,778

1YR FORECAST: +2.6%

5YR OUTLOOK: +41%

#17 Best for Investment
Our model projects Calhoun County's housing market to grow +2.6% over the next year, significantly outpacing the national average.

[01] Why Calhoun County?

Marshall, the county seat of Calhoun County, Michigan, stands out with its preserved 19th-century architecture and walkable downtown. Located in south-central Michigan, Calhoun County sits along the I-94 corridor, roughly halfway between Detroit and Chicago. This positioning allows for convenient commutes to larger cities like Kalamazoo and Lansing. The community offers a blend of small-town atmosphere and access to natural scenery, including numerous parks, rivers, and trails for outdoor recreation.

Life in Calhoun County offers a balance of rural and urban experiences, with many residents owning their homes. The local economy is supported by manufacturing, healthcare, logistics, and agriculture. Recent investments in renewable energy and advanced manufacturing are reshaping the economic landscape, attracting new businesses and employment opportunities. Educational options include public, private, and charter schools, with institutions like Albion College and Kellogg Community College also present in the county.

MARKET PROFILE

Heartland Steady Growth

Calhoun County is one of 145 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +4.3% runs below the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
5.8x

Below national median (11.3x)

Home Prices
+4.3%

Outpacing national median

Climate & Terrain
-2.7

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 5.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Denso Manufacturing Michigan, Inc. Manufacturing
    2,500+
  2. 2
    Firekeepers Casino Casino Hospitality
    1,000+
  3. 3
    Kellanova & WK Kellogg Co Manufacturing
  4. 4
    Veterans Administration Medical Center Healthcare
  5. 5
    Hart-Doyle-Inouye Federal Center Government
  6. 6
    Bronson Battle Creek Healthcare
  7. 7
    Fort Custer Training Center Military
  8. 8
    Michigan Air National Guard Military
  9. 9
    Kellogg Community College Education
    500+
  10. 10
    Calhoun County Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Calhoun County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
133,778
-0.05% YoY
Median Household Income
$63,177
Median Home Value
$162,800
+4.3% 12mo
Median Rent
$968
Average Annual Pay
$68,031
+6.2% YoY
Employment
54,948
+1.0% YoY
Income-to-Home-Value
0.3881
More affordable than average
Migration Inflow
3.1%
of pop. from another state
Bachelor's Degree+
22.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$185,200
Days on Market
25
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
21.2%
Listings w/ Price Drops
36.3%
Building Permits (2025)
120
Single-Family Permits
120

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.3
per 100K · nat avg 6.3
Firearm Fatalities
15.2
per 100K · nat avg 14.8
Injury Deaths
109.8
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,285M
TOTAL
PROJECT AMOUNT STATUS
Alterra Marshall Technology Center (Data Center)
Alterra Development
$500M Planned
Sunfish Solar 2
Consumers Energy and Hecate Energy
$360M Under Construction
Calhoun Solar Energy Center
Invenergy
$200M Operating
Brandt Woods Solar Project
AES Clean Energy (Michigan Public Power Agency is a purchaser)
$125M Operating
Liberty Crossing Energy Storage Center
Invenergy
$70M Proposed
Duncan Aviation Expansion
Duncan Aviation
$30M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth -0.1% 21 percentile
Income Growth +4.6% 87 percentile
Vacancy Rate 1.9% 8 percentile
Home Price Change +4.3% 81 percentile
Rent Growth +5.3% 80 percentile
Price/Rent 12x 90 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

Is Calhoun County, MI a good place to move to?

Calhoun County ranks #18 out of 1001 U.S. counties on the Boom Town Index with a score of 98/100, putting it in the top tier nationally. Job growth of +1.0% and a median household income of $63,177 point to a county with active economic momentum.

Is Calhoun County affordable?

By national standards, Calhoun County is quite affordable. Homes here have a median value of $162,800, and the income-to-home-value ratio of 0.39 is well above the U.S. average — especially with median rent at just $968/month. Residents can generally buy a home without being cost-burdened.

Is Calhoun County growing or shrinking?

Population and employment in Calhoun County are both close to flat — population -0.1% YoY and jobs +1.0%. Home values shifted +4.3% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Calhoun County?

There's a moderate stream of newcomers. About 3.1% of residents moved from another state, which is above average and suggests Calhoun County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Bay County, MI 97 Isabella County, MI 96 Ionia County, MI 89 Berrien County, MI 87 Muskegon County, MI 87 Montcalm County, MI 86 Laramie County, WY 98 Buchanan County, MO 98