Forster, MI—48028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forster, MI
As of Oct '25, the median home price in Forster, MI is $308,000, with a year-over-year change of 1.7%. This indicates that home prices in Forster, MI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | 1.7% |
| Single Family | $314,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 3.0% |
3 Bed | $378,000 | 0.5% |
4 Bed | $491,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forster, MI
Forster, 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 — Forster, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Forster, MI is 39. This is a decrease of -4.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -21.0% |
Listing Count | 17 | 31.0% |
| Listings as % of Homes | 0.7% | 31.0% |
Days on Market | 39 | -4.0% |
Demographics — Forster, MI
As of the latest ACS Survey released in 2023, Forster, MI has a population of 1,060, which has increased by 2.7% over the past 5 years. Forster, MI is a less popular place for families, as children make up 2.6% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | 2.7% |
% Under 18 | 2.6% | -46.9% |
% Seniors | 47.9% | -10.5% |
% WFH | 12.5% | 101.6% |
% w/ College Degree | 32.5% | 21.3% |
As of the latest ACS Survey released in 2023, Forster, MI is a predominantly white area, with 99.3% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Forster, MI is black, making up 0.0% of the population. Foreign-born residents account for 1.3% of the population in Forster, MI, and this percentage has increased by 30.0% 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 | 99.3% | 1.7% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | 30.0% |
Mortgage and Risk — Forster, MI
According to HUD data as of 2023, there were 30 mortgage originations in Forster, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Forster, MI. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 7.0% |
% Second Loans | 40.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Forster, MI
Forster, 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 | $960 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Forster, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $308,000 |
| Median Household Income | $107,000 |