83 / 100

Newaygo County, MI

Fremont

RANK #172 / 996 NAT  ·  #20 / 36 MI  ·  POP 50,130

1YR FORECAST: +4.7%

5YR OUTLOOK: +33%

Our model projects Newaygo County's housing market to grow +4.7% over the next year, significantly outpacing the national average.

[01] Why Newaygo County?

Newaygo County, Michigan, is defined by its extensive natural resources, particularly the Muskegon River and over 230 natural lakes. The county is located in West Central Michigan's Lower Peninsula, approximately 35 to 45 miles north of Grand Rapids. This proximity allows for a manageable commute to a larger urban center while maintaining a rural community feel. Over half of the county lies within the Manistee National Forest, offering abundant outdoor recreation opportunities, including hiking, biking, fishing for steelhead and salmon, and camping. The Dragon at Hardy Dam, a 45-mile trail around Hardy Pond, is a notable attraction for mountain biking and hiking.

Life in Newaygo County is characterized by a comfortable pace and a strong sense of community. The economy is supported by tourism, agriculture, and manufacturing, with Gerber Products Company in Fremont being a major employer. The county has seen recent economic developments, including expansions by companies like G-M Wood Products and community revitalization projects in towns such as Hesperia, which include new housing units. Educational opportunities are available through local public school districts like Newaygo Public Schools and the Newaygo County Promise Zone, which offers two years of free college education.

[02] Market Snapshot

Housing Ratio
5.0x

Above national median (4.7x)

GDP Growth
+1.8%

Below national median

Home Prices
+6.3%

Outpacing national median

Climate & Terrain
-1.3

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 5.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Gerber Products Company Manufacturing
    1,000+
  2. 2
    Magna Mirrors Newaygo Division Manufacturing
    500+
  3. 3
    Gerber Memorial Health Services Healthcare
  4. 4
    County of Newaygo Government
  5. 5
    Dura Automotive Systems Manufacturing
  6. 6
    Valspar Corporation Manufacturing
  7. 7
    G-M Wood Products Inc. Manufacturing
  8. 8
    North American Refractories Manufacturing
  9. 9
    Wilbur Ellis Agriculture
  10. 10
    Newaygo County Mental Health Healthcare

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

[04] Home Value Growth vs National

Newaygo County U.S. National

The Numbers

DEMOGRAPHICS
Population
50,130
+0.96% YoY
Median Household Income
$59,065
Median Home Value
$165,000
+6.3% 12mo
Median Rent
$854
Average Annual Pay
$49,371
+3.7% YoY
Employment
11,901
-1.0% YoY
Income-to-Home-Value
0.358
More affordable than average
Migration Inflow
4.42%
of pop. from another state
Bachelor's Degree+
18.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$245,000
Days on Market
108
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
95.1%
Negotiation room for buyers
Sold Above List
17.4%
Listings w/ Price Drops
24.4%
Building Permits (2024)
152
Single-Family Permits
146

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.9
per 100K · nat avg 6.3
Firearm Fatalities
14.5
per 100K · nat avg 14.8
Injury Deaths
105.1
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 +1.8% 30 percentile
Population Growth +1.0% 71 percentile
Income Growth +8.9% 62 percentile
Vacancy Rate 0.4% 97 percentile
Home Price Change +6.3% 95 percentile
Price/Rent 16x 25 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Newaygo County ranks #172 out of 996 U.S. counties on the Boom Town Index with a score of 83/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 1.0% year-over-year). Median household income here is $59,065.

Is Newaygo County affordable?

By national standards, Newaygo County is quite affordable. Homes here have a median value of $165,000, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $854/month. Residents can generally buy a home without being cost-burdened.

Is Newaygo County growing or shrinking?

Newaygo County's population is growing — up +1.0% YoY — while the job market is roughly flat (employment change of -1.0%). Home values shifted +6.3% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Newaygo County?

There's a moderate stream of newcomers. About 4.42% of residents moved from another state, which is above average and suggests Newaygo County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Newaygo County?

Home values climbed +6.3% year-over-year, which is a solid pace of appreciation. The median home in Newaygo County is now valued at $165,000. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[08] Similar Counties by Size & Score

Kent County, MI 83 St. Joseph County, MI 84 Saginaw County, MI 85 Marquette County, MI 81 Clinton County, MI 80 Eaton County, MI 87 Washington County, OH 83 Lincoln County, MO 83