Michigan · 1 county · 29,040 residents (2025 est.)
FHFA annual index 1986–2025Developmental CBSA indexPermits through August 2026
Ludington (100 = first year)United States, rebased to the same startNBER recession
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its annual CBSA indexes as developmental and subject to revision. The index does not give a dollar value for any home.
The Ludington, MI micropolitan area covers 1 county. Its FHFA house price index, starting in 1986, stood at 555 in 2025, +455.0% above the base of 100.
Over the ten years to 2025 the annual index rose +117.0% (+8.1% a year), well above Michigan at +96.7% and well above the national +85.0%.
From a 2006 peak the index fell −15.3% to 2013, regaining the peak in 2017.
Across its counties, 208 housing units were authorised in the 12 months to August 2026, 7.2 per 1,000 residents, +34.2% on the previous 12 months.
+1.7%1 year, 2024–2025US +2.8%
+66.2%5 yearsUS +47.0%
+117.0%10 years+8.1% a year annualised
+161.9%since 2000US +158.3%
208units permitted, 12 months7.2 per 1,000 residents
FHFA annual all-transactions indexes over identical years.
Decade by decade
Decade
Change
United States
1990s (1990–2000)
+83.2%
+33.9%
2000s (2000–2010)
+17.3%
+29.7%
2010s (2010–2020)
+34.3%
+35.5%
2020s so far (2020–2025)
+66.2%
+47.0%
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1986 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1986 are not shown.
Peak-to-low declines
Peak
Low
Decline
Peak regained
2006
2013
−15.3%
2017
Building permits across the area
Housing units authorised in the area's county (OMB July 2023 delineations), summed from county files.
Housing units authorised in the Ludington, MI area by month, latest 12 monthssingle-family2+ unit buildings
Housing units authorised in the Ludington, MI area by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in the Ludington, MI area by year, 1995–2025single-family2+ unit buildings
Permits, 12 months to August 2026
This area
Michigan
United States
Housing units authorised
208
22,528
1,418,086
Units per 1,000 residents
7.2
2.2
4.1
Single-family share
31%
68%
63%
Change on previous 12 months
+34.2%
−2.7%
−0.1%
Counties in the area
Ranked by ten-year change in FHFA's county index to 2025; permits are the latest 12 months.
How much have home values in the Ludington, MI area risen over 10 years?
The FHFA annual index rose +117.0% between 2015 and 2025, about +8.1% a year. Over 20 years: +104.1%; since 2000: +161.9%.
Which counties in the Ludington, MI area rose most?
By ten-year change to 2025: Mason County (+117.0%).
What happened to Ludington, MI prices after 2007?
The index peaked in 2006, fell −15.3% to 2013 and regained the peak in 2017. Nationally: −21.3% from 2007 to 2012.
How many homes are being built in the Ludington, MI area?
208 housing units were authorised across the area's counties in the 12 months to August 2026, 31% of them single-family, 7.2 per 1,000 residents.
Where does this data come from?
FHFA's annual CBSA house price index (developmental, updated March 31, 2026); Census Bureau building permits summed over member counties (OMB July 2023 delineations) through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, annual house price index for core based statistical areas (all-transactions, developmental), last updated March 31, 2026, values 1986–2025. Permits: Census Bureau Building Permits Survey county files through August 2026, summed over member counties from OMB's July 2023 delineations. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.