87 / 100

Eaton County, MI

Delta charter

RANK #131 / 996 NAT  ·  #16 / 36 MI  ·  POP 109,072

1YR FORECAST: +2.5%

5YR OUTLOOK: +34%

Our model projects Eaton County's housing market to grow +2.5% over the next year, significantly outpacing the national average.

[01] Why Eaton County?

The city of Grand Ledge, known for its sandstone ledges rising 60 feet above the Grand River, offers a distinctive landmark within Eaton County, Michigan. Located west of downtown Lansing, Eaton County provides a rural, small-town atmosphere while maintaining proximity to urban centers like Lansing, Battle Creek, and Grand Rapids. Commuting options include the EATRAN Connector service, which links to Lansing's Capital Area Transportation Authority (CATA) routes, and major highways like I-69, I-96, and I-94. The county also features over 825 acres of parkland across ten county parks, offering year-round outdoor recreation opportunities such as hiking, fishing, canoeing, and disc golf.

Life in Eaton County often involves a balance of rural living with access to larger city amenities. The county's public schools are generally rated above average. Many residents own their homes, and the community has a notable presence of young professionals. The economy is supported by various sectors, with manufacturing, healthcare, and social assistance being prominent employers. Recent economic developments include a focus on long-term financial stability through budget adjustments and capital improvement plans. The county also offers services for veterans and emergency home repair programs.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+3.0%

Outpacing national median

Climate & Terrain
-3.1

Harsh climate or flat terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Eaton County Government Government
    500+
  2. 2
    Spartan Motors (now The Shyft Group) Manufacturing
  3. 3
    Eaton Corporation Manufacturing
    100+
  4. 4
    MSU Federal Credit Union Finance
  5. 5
    Alro Steel Manufacturing
  6. 6
    The University of Olivet Education
  7. 7
    Ross Medical Education Center-Lansing Education
  8. 8
    Great Lakes Christian College Education

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

[04] Home Value Growth vs National

Eaton County U.S. National

The Numbers

DEMOGRAPHICS
Population
109,072
+0.09% YoY
Median Household Income
$77,158
Median Home Value
$194,500
+3.01% 12mo
Median Rent
$1,013
Average Annual Pay
$60,862
+3.7% YoY
Employment
44,501
+3.3% YoY
Income-to-Home-Value
0.3967
More affordable than average
Migration Inflow
5.3%
of pop. from another state
Bachelor's Degree+
30.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
66
Slower market
Months of Supply
1.9
Seller's market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
31.9%
Listings w/ Price Drops
24.1%
Building Permits (2024)
118
Single-Family Permits
114

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.3
per 100K · nat avg 6.3
Firearm Fatalities
12.0
per 100K · nat avg 14.8
Injury Deaths
83.4
per 100K · nat avg 76.3
vs National Average
Well below 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] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +0.1% 33 percentile
Income Growth +6.9% 16 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change +3.0% 72 percentile
Rent Growth +6.3% 88 percentile
Price/Rent 12x 72 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Eaton County ranks #131 out of 996 U.S. counties on the Boom Town Index with a score of 87/100, putting it in the top tier nationally. Job growth of +3.3% and a median household income of $77,158 point to a county with active economic momentum.

Is Eaton County affordable?

By national standards, Eaton County is quite affordable. Homes here have a median value of $194,500, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $1,013/month. Residents can generally buy a home without being cost-burdened.

Is Eaton County growing or shrinking?

Employers in Eaton County are hiring — job growth of +3.3% — but the population is close to flat (+0.1% YoY). Home values moved +3.0% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Eaton County?

In significant numbers — 5.3% of Eaton County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[08] Similar Counties by Size & Score

St. Clair County, MI 88 Lapeer County, MI 89 Genesee County, MI 89 Saginaw County, MI 85 Van Buren County, MI 90 St. Joseph County, MI 84 Burleigh County, ND 87 Orangeburg County, SC 87