Center Line, MI—48015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Center Line, MI
As of Oct '25, the median home price in Center Line, MI is $168,000, with a year-over-year change of 3.4%. This indicates that home prices in Center Line, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $168,000 | 3.4% |
| Single Family | $169,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 3.9% |
3 Bed | $171,000 | 3.0% |
4 Bed | $192,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Center Line, MI
As of July '25, Rentcast reports the average rent in Center Line, MI is $1,250, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Center Line, MI is 1-bedrooms: $573, 2-bedrooms: $1,280, 3-bedrooms: $1,500. The most common rental property sizes in Center Line, MI are 2-bedroom and 1-bedroom, accounting for 40.3% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $573 | $573 |
| 2 Bed Rent | $1,400 | $1,280 |
| 3 Bed Rent | $1,400 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Center Line, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Center Line, MI is 39. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | 7.0% |
Listing Count | 31 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 39 | 18.0% |
Demographics — Center Line, MI
As of the latest ACS Survey released in 2023, Center Line, MI has a population of 8,450, which has increased by 1.7% over the past 5 years. Center Line, MI is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,450 | 1.7% |
% Under 18 | 22.6% | 2.3% |
% Seniors | 15.6% | -1.9% |
% WFH | 5.1% | 240.0% |
% w/ College Degree | 18.7% | 37.5% |
As of the latest ACS Survey released in 2023, Center Line, MI is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 26.9% in the last 5 years. The second most common race or ethnicity in Center Line, MI is black, making up 29.5% of the population. Foreign-born residents account for 14.9% of the population in Center Line, MI, and this percentage has increased by 106.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.7% | -26.9% |
% Black | 29.5% | 39.8% |
% Hispanic | 4.0% | 122.2% |
% Asian | 10.6% | 92.7% |
% Foreign Born | 14.9% | 106.9% |
Mortgage and Risk — Center Line, MI
According to HUD data as of 2023, there were 138 mortgage originations in Center Line, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Center Line, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Center Line, MI
Center Line, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 602 |
Total Units Section 8 | 602 |
% Rentals under Section 8 | 37.8% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $347 | $573 | $920 |
| 2 Bedroom | -$230 | $1,400 | $1,170 |
| 3 Bedroom | $40 | $1,400 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Center Line, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $168,000 |
| Median Household Income | $52,900 |