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Newaygo County, MI

RANK #164 / 996  ·  POP 50,130  ·  MI

PROJECTED GROWTH: +2.4%

Newaygo County ranks among the top U.S. counties across nearly every economic indicator.

[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] Signal Profile

[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

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 →

[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 has a Boom Town Index score of 84/100, ranking #164 among 996 U.S. counties. With job growth at -1.0% and a median household income of $59,065, it's an above-average county on economic indicators.

Is Newaygo County affordable?

The median home value in Newaygo County is $165,000 with median rent at $854/month. The income-to-home-value ratio is 0.358, which is more affordable than the national average.

Is Newaygo County growing or shrinking?

Population growth: +1.0% year-over-year. Job growth: -1.0%. Home values changed +6.3% in the past 12 months.

Are people moving to Newaygo County?

Yes — 4.42% of Newaygo County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Broome County, NY 94 Tuscola County, MI 94 Capitol Planning Region, CT 94 Lee County, MS 94 Scioto County, OH 94 LaSalle County, IL 94 Grundy County, IL 94 Elmore County, AL 94