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MI area data

Indian River, MI

Indian River, MI.

Population: 4,411 (Census ACS)

Home values & appreciation

Median home value
$325,849
1-year appreciation
+3.6%
3-year appreciation
+7.3%
5-year appreciation
+25.8%
10-year appreciation
+92.8%
All-time peak (2026-07)
$325,849
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
16

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, inlandFlooding

Climate (30-year normals)

Average annual temperature
47.0°F
Average high
57.0°F
Average low
37.0°F
Annual precipitation
38.3 in
Annual snowfall
107.7 in

Amenities

Nearest airport
Campbell-Pratt Airport (3 mi)
Nearest major airport
Pellston Regional Airport of Emmet County Airport (PLN) (14 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
+197 tax filers

Housing stock

Median year housing built
1,983
Median annual property tax
$1,913
Mean commute to work
26 min
Households with broadband internet
51.6%

Employment & development

Total county employment
5,047
Average weekly wage
$848
Top industries (by employment)
Accommodation & Food, Health Care, Construction
Annual residential building permits (county)
78

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents