Emmett, MI 48022 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Emmett, MI—48022

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$331,000

5.6% YoY Growth

Household Income

$89,700

19.4% YoY Growth

Days on Market

38.0% Shorter YoY

Home Price Forecast

-0.1%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Emmett, MI

As of May '26, the median home price in Emmett, MI is $331,000, with a year-over-year change of 5.6%. This indicates that home prices in Emmett, MI are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$331,000	5.6%
Single Family	$330,000	5.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Emmett, MI

Emmett, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

16.1%

2 Bedrooms

45.2%

3 Bedrooms

38.7%

Property Listings — Emmett, MI

As of May '26, Realtor.com reports that the median days on market for a home in Emmett, MI is 32. This is a decrease of -38.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$312,000	-26.0%
Listing Count	6	33.0%
Listings as % of Homes	0.5%	33.0%
Days on Market	32	-38.0%

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Demographics — Emmett, MI

As of the latest ACS Survey released in 2023, Emmett, MI has a population of 2,520, which has decreased by -3.6% over the past 5 years. Emmett, MI is a less popular place for families, as children make up 14.8% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,520	-3.6%
% Under 18	14.8%	-37.0%
% Seniors	21.6%	60.0%
% WFH	5.0%	233.3%
% w/ College Degree	11.3%	-8.9%

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As of the latest ACS Survey released in 2023, Emmett, MI is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Emmett, MI is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.5% of the population in Emmett, MI, and this percentage has decreased by 58.3% 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	97.6%	2.2%
% Black	0.0%	-100.0%
% Hispanic	0.7%	-80.6%
% Asian	0.0%	N/A
% Foreign Born	0.5%	-58.3%

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Mortgage and Risk — Emmett, MI

According to HUD data as of 2023, there were 62 mortgage originations in Emmett, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Emmett, MI. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	62
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	23.0%

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Rentals and Section 8 — Emmett, MI

Emmett, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	3.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$920
2 Bedroom	N/A	N/A	$1,170
3 Bedroom	N/A	N/A	$1,440
4 Bedroom	N/A	N/A	$1,550

Emmett, MI—48022

Key Metrics at a Glance

Home Price Trends — Emmett, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Emmett, MI

% of Rental Stock

Property Listings — Emmett, MI

Demographics — Emmett, MI

Race and Ethnicity

Mortgage and Risk — Emmett, MI

Mortgages

Rentals and Section 8 — Emmett, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Emmett, MI

Home Price to Income Ratio

Emmett, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Memphis, MI

Yale, MI

Capac, MI

Avoca, MI

Allenton, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$331,000
Median Household Income	$89,700

Emmett, MI—48022

Key Metrics at a Glance

Home Price Trends — Emmett, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Emmett, MI

% of Rental Stock

Property Listings — Emmett, MI

Demographics — Emmett, MI

Race and Ethnicity

Mortgage and Risk — Emmett, MI

Mortgages

Rentals and Section 8 — Emmett, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Emmett, MI

Home Price to Income Ratio

Emmett, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Memphis, MI

Yale, MI

Capac, MI

Avoca, MI

Allenton, MI

Frequently Asked Questions

What is the average home price in Emmett, MI 48022?

How have home prices in Emmett, MI 48022 changed over the past year?

What is the home price projection for Emmett, MI 48022?

What are the demographics of Emmett, MI 48022?

How long does it take homes to sell in Emmett, MI 48022?

What is the average rent price in Emmett, MI 48022?