Michigan Election Results: Swing State Where the Homeownership Rate Is 74% Votes Red

Michigan’s election results are in, with the swing state voting for Donald Trump in the 2024 presidential election, according to projections from the Associated Press Decision Team.

The state’s 15 Electoral College votes will go toward the Republican candidate, in a closely contested race where housing policies were among the key issues debated by the campaigns. Trump earlier surpassed the majority needed to return to the White House, and will be the 47th president.

In October, Vice President Kamala Harris held a campaign event in Detroit, where she touted her plans to spur more construction and assist first-time homebuyers.

“We know there’s a serious housing shortage in our country, and it is part of what is driving up costs,” she said. “So, we will cut the red tape and work with the private sector to build 3 million new homes and provide first-time homebuyers with a $25,000 down payment assistance.”

Trump also highlighted inflation and housing costs on the campaign trail in Michigan, casting blame on illegal immigration during the Biden administration at a September rally in Potterville.

“Another key driver of inflation is the migrant invasion Kamala Harris has created on our Southern border, which is causing immense inflationary pressure on housing and essential goods,” he said. “Border Czar Harris will import millions more illegal aliens and give them free housing and groceries.”

For the latest election results, check the Wall Street Journal’s live election tracker.

Key stats on Michigan’s housing market

The homeownership rate in Michigan was 74% as of last year, well above the national average of 66%, according to U.S. Census Bureau data.

In the first nine months of 2024, the median listing price for homes in Michigan averaged $287,500—a 32% increase from the same period in 2019, according to Realtor.com® listing data. That compares with a national median listing price of $428,860 for 2024 through September, up 38% from five years ago.

On a square-foot basis, Michigan homes were typically listed for $176 in 2024, up 40% from 2019. Nationally, the median list price per square foot rose 52% in the same period, to $228.

The average Michigan homeowner gained $21,000 in equity in the 12 months through June 2024, less than the national average of $25,000, according to CoreLogic.

Among renters in Michigan, 45% are considered rent-burdened, paying more than 30% of their income on rent. That compares with 50% of renters nationally who are considered rent-burdened.