Avoca, MI—48006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avoca, MI
As of Oct '25, the median home price in Avoca, MI is $299,000, with a year-over-year change of 2.4%. This indicates that home prices in Avoca, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 2.4% |
| Single Family | $300,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 0.4% |
3 Bed | $310,000 | 1.3% |
4 Bed | $330,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Avoca, MI
As of July '25, Rentcast reports the average rent in Avoca, MI is $2,000, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Avoca, MI is 2-bedrooms: $2,000. The most common rental property sizes in Avoca, MI are 3-bedroom and 2-bedroom, accounting for 54.3% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Avoca, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Avoca, MI is 32. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 48.0% |
Listing Count | 9 | -10.0% |
| Listings as % of Homes | 0.9% | -10.0% |
Days on Market | 32 | -41.0% |
Demographics — Avoca, MI
As of the latest ACS Survey released in 2023, Avoca, MI has a population of 3,890, which has decreased by -6.5% over the past 5 years. Avoca, MI is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,890 | -6.5% |
% Under 18 | 23.9% | -4.8% |
% Seniors | 18.4% | 44.9% |
% WFH | 7.9% | 276.2% |
% w/ College Degree | 14.7% | 0.7% |
As of the latest ACS Survey released in 2023, Avoca, MI is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Avoca, MI is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.1% of the population in Avoca, MI, and this percentage has decreased by 15.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -2.8% |
% Black | 0.4% | 0.0% |
% Hispanic | 4.3% | 330.0% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 1.1% | -15.4% |
Mortgage and Risk — Avoca, MI
According to HUD data as of 2023, there were 58 mortgage originations in Avoca, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Avoca, MI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Avoca, MI
Avoca, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | -$830 | $2,000 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Avoca, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $299,000 |
| Median Household Income | $70,500 |