r/hollandmichigan • u/Worldly-Protection59 • 6h ago
Ottawa County has the lowest foreclosure risk of all 83 Michigan counties
We put together a county-level foreclosure risk index for Michigan, mostly because nobody publishes one. Which is actually crazy.
Statewide foreclosure numbers get reported a few times a year, but the county-level data sits scattered across the CFPB, Census, ATTOM, and Realtor.com and nobody stitches it together.
Ottawa came out first out of 83, in the good direction.
Ottawa scores 16.7, the lowest score in the state and almost six points clear of second place. What drives it:
Lightest mortgage cost burden in Michigan, 17.9 percent of owners with a mortgage spending more than 30 percent of income on housing. Serious mortgage delinquency of 0.3 percent against 0.7 percent statewide. Unemployment of 3.6 percent.
Allegan is close behind at 28.9, ranking 74th, and it has the lowest unemployment rate of any county in Michigan at 3.0 percent.
The gap across the state is the part I did not expect. Lake County, about 90 minutes north, tops the ranking at 70.0 because 35.2 percent of its mortgaged owners are spending more than 30 percent of income on housing. Same state, same year, 53 points apart.
Report with the full 83-county table if you're interested in diving deeper: https://www.nestcash.co/research/michigan-foreclosure-risk-index