Marine City, MI—48039
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marine City, MI
As of Oct '25, the median home price in Marine City, MI is $217,000, with a year-over-year change of 2.6%. This indicates that home prices in Marine City, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 2.6% |
| Single Family | $222,000 | 2.3% |
| Condos | $180,000 | 7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $177,000 | 4.1% |
3 Bed | $250,000 | 2.0% |
4 Bed | $300,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marine City, MI
As of July '25, Rentcast reports the average rent in Marine City, MI is $1,780, with a year-over-year rent change of 67.9%. Per bedroom, the median rent as of July '25 in Marine City, MI is 1-bedrooms: $750, 3-bedrooms: $2,800. The most common rental property sizes in Marine City, MI are 2-bedroom and 1-bedroom, accounting for 42.4% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marine City, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Marine City, MI is 52. This is a decrease of -13.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -1.0% |
Listing Count | 33 | -3.0% |
| Listings as % of Homes | 0.9% | -3.0% |
Days on Market | 52 | -13.0% |
Demographics — Marine City, MI
As of the latest ACS Survey released in 2023, Marine City, MI has a population of 7,470, which has decreased by -1.8% over the past 5 years. Marine City, MI is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,470 | -1.8% |
% Under 18 | 19.3% | -2.5% |
% Seniors | 23.4% | 32.2% |
% WFH | 7.5% | 400.0% |
% w/ College Degree | 20.1% | 43.6% |
As of the latest ACS Survey released in 2023, Marine City, MI is a predominantly white area, with 96.0% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Marine City, MI is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.9% of the population in Marine City, MI, and this percentage has decreased by 40.0% 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 | 96.0% | -2.7% |
% Black | 0.0% | N/A |
% Hispanic | 1.2% | ∞% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.9% | -40.0% |
Mortgage and Risk — Marine City, MI
According to HUD data as of 2023, there were 170 mortgage originations in Marine City, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Marine City, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Marine City, MI
Marine City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $750 | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | -$1,360 | $2,800 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Marine City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $217,000 |
| Median Household Income | $76,300 |