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MI area data

Reed City, MI

Reed City, MI.

Population: 7,028 (Census ACS)

Home values & appreciation

Median home value
$205,250
1-year appreciation
+4.7%
3-year appreciation
+9.1%
5-year appreciation
+21.1%
10-year appreciation
+96.7%
All-time peak (2026-04)
$210,664
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
9

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
4
Elementary schools
2
Middle schools
1
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
winterWeather, strongWind

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
56.0°F
Average low
35.0°F
Annual precipitation
40.3 in

Amenities

Nearest airport
Nartron Field (6 mi)
Hospitals nearby (~15 mi)
1
Solar radiation rating
Fair (3.7 kWh/m²/day)

Migration

Net migration
+78 tax filers

Housing stock

Median year housing built
1,974
Median annual property tax
$1,582
Mean commute to work
23 min
Households with broadband internet
43.3%

Employment & development

Total county employment
7,152
Average weekly wage
$1,020
Top industries (by employment)
Health Care, Construction, Accommodation & Food
Annual residential building permits (county)
5

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