Goodells, MI—48027
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goodells, MI
As of Oct '25, the median home price in Goodells, MI is $316,000, with a year-over-year change of 1.7%. This indicates that home prices in Goodells, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 1.7% |
| Single Family | $316,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 0.9% |
3 Bed | $311,000 | 1.3% |
4 Bed | $347,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Goodells, MI
Goodells, 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 |
% of Rental Stock
Property Listings — Goodells, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Goodells, MI is 77. This is a increase of 11.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 3.0% |
Listing Count | 8 | 75.0% |
| Listings as % of Homes | 0.4% | 75.0% |
Days on Market | 77 | 11.0% |
Demographics — Goodells, MI
As of the latest ACS Survey released in 2023, Goodells, MI has a population of 3,180, which has remained stable by -0.1% over the past 5 years. Goodells, MI is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,180 | -0.1% |
% Under 18 | 22.8% | 15.7% |
% Seniors | 17.0% | 0.0% |
% WFH | 7.4% | 252.4% |
% w/ College Degree | 16.0% | 37.9% |
As of the latest ACS Survey released in 2023, Goodells, MI is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Goodells, MI is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.8% of the population in Goodells, MI, and this percentage has increased by 63.6% 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 | 88.5% | -8.6% |
% Black | 1.7% | 1,600.0% |
% Hispanic | 2.7% | 285.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | 63.6% |
Mortgage and Risk — Goodells, MI
According to HUD data as of 2023, there were 98 mortgage originations in Goodells, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Goodells, MI. Investor activity is low, as 0.0% 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 | 98 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Goodells, MI
Goodells, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Goodells, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $316,000 |
| Median Household Income | $84,900 |