Rental numbers for Lenawee County, MI
The typical home here runs -$927 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 6.3%
- 1 ZIPs with full data
- Cash flow
- -$927/mo
- at 7.78%, 25% down
- Typical price
- $246,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,114/mo
- Zillow ZORI, Aug 2026
ZIP codes in Lenawee County
17 with published figures
| 49248Jasper | $264,000 | $1,540* | 7.0% | 3.3% | -$691 | n/a |
| 49256Morenci | $181,000 | $1,020* | 6.8% | 2.7% | -$570 | n/a |
| 49247Hudson | $204,000 | $1,130* | 6.6% | 2.9% | -$603 | n/a |
| 49268Palmyra | $226,000 | $1,190* | 6.3% | 2.4% | -$757 | n/a |
| 49221Adrian | $214,000 | $1,125 | 6.3% | 2.6% | -$692 | n/a |
| 49229Britton | $294,000 | $1,450* | 5.9% | 2.4% | -$997 | n/a |
| 49228Blissfield | $249,000 | $1,180* | 5.7% | 2.1% | -$896 | n/a |
| 49276Riga | $302,000 | $1,420* | 5.7% | 2.2% | -$1,069 | n/a |
| 49238Deerfield | $244,000 | $1,140* | 5.6% | 2.1% | -$881 | n/a |
| 49233Cement City | $283,000 | $1,290* | 5.5% | 2.4% | -$966 | n/a |
| 49287Adrian | $318,000 | $1,450* | 5.5% | 2.4% | -$1,091 | n/a |
| 49235Clayton | $242,000 | $1,090* | 5.4% | 2.1% | -$875 | n/a |
| 49286Tecumseh | $269,000 | $1,160* | 5.2% | 1.7% | -$1,072 | n/a |
| 49220Addison | $257,000 | $980* | 4.6% | 1.4% | -$1,085 | n/a |
| 49265Onsted | $295,000 | $1,070* | 4.3% | 1.3% | -$1,271 | n/a |
| 49279Madison | $298,000 | $1,080* | 4.3% | 1.4% | -$1,266 | n/a |
| 49253Manitou Beach | $323,000 | $1,060* | 3.9% | 0.9% | -$1,493 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.7%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.27%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $198,060 | n/a |
| Aug 2022 | $221,808 | n/a |
| Aug 2023 | $220,738 | n/a |
| Aug 2024 | $229,633 | n/a |
| Aug 2025 | $232,796 | n/a |
| Aug 2026 | $245,989 | $1,114 |
HUD Fair Market Rent
FY2027, Lenawee County, MI
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $832 | $913 | $1,195 | $1,504 | $1,571 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 4.5
- 176 units, last 12 months
- National percentile
- 46th
- among US counties
Tools
Test a listing in Lenawee County against today's rate.
Open the calculatorPart of the Adrian, MI metro.
Questions
- Is Lenawee County good for rental property?
- The typical home here runs -$927 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Lenawee County?
- About 1.27% of value, from Census ACS median taxes paid over median home value. On a $246,000 home that is about $3,114 a year.
- What is Fair Market Rent in Lenawee County?
- HUD's FY2027 Fair Market Rent here is $913 for a 1-bedroom, $1,195 for a 2-bedroom and $1,504 for a 3-bedroom. Typical cash flow at today's rate is -$927 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.