Pleasant Ridge, MI—48069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pleasant Ridge, MI
As of Oct '25, the median home price in Pleasant Ridge, MI is $467,000, with a year-over-year change of 1.1%. This indicates that home prices in Pleasant Ridge, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $467,000 | 1.1% |
| Single Family | $469,000 | 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 | $312,000 | 0.3% |
3 Bed | $433,000 | 0.9% |
4 Bed | $600,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pleasant Ridge, MI
As of July '25, Rentcast reports the average rent in Pleasant Ridge, MI is $1,760, with a year-over-year rent change of -49.7%. Per bedroom, the median rent as of July '25 in Pleasant Ridge, MI is 1-bedrooms: $995, 2-bedrooms: $1,700, 3-bedrooms: $2,300. The most common rental property sizes in Pleasant Ridge, MI are 2-bedroom and 3-bedroom, accounting for 51.9% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,000 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pleasant Ridge, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pleasant Ridge, MI is 28. This is a decrease of -12.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | 56.0% |
Listing Count | 5 | -34.0% |
| Listings as % of Homes | 0.4% | -34.0% |
Days on Market | 28 | -12.0% |
Demographics — Pleasant Ridge, MI
As of the latest ACS Survey released in 2023, Pleasant Ridge, MI has a population of 2,610, which has increased by 9.1% over the past 5 years. Pleasant Ridge, MI is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 79.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,610 | 9.1% |
% Under 18 | 18.6% | -8.4% |
% Seniors | 17.9% | 1.7% |
% WFH | 30.6% | 222.1% |
% w/ College Degree | 79.9% | 12.2% |
As of the latest ACS Survey released in 2023, Pleasant Ridge, MI is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Pleasant Ridge, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 6.7% of the population in Pleasant Ridge, MI, and this percentage has decreased by 15.2% 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 | 88.1% | -0.6% |
% Black | 1.1% | -47.6% |
% Hispanic | 3.4% | 21.4% |
% Asian | 2.5% | 19.0% |
% Foreign Born | 6.7% | -15.2% |
Mortgage and Risk — Pleasant Ridge, MI
According to HUD data as of 2023, there were 76 mortgage originations in Pleasant Ridge, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Pleasant Ridge, MI. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pleasant Ridge, MI
Pleasant Ridge, 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 | $645 | $995 | $1,640 |
| 2 Bedroom | $370 | $1,700 | $2,070 |
| 3 Bedroom | $540 | $2,000 | $2,540 |
| 4 Bedroom | N/A | N/A | $2,740 |
Affordability — Pleasant Ridge, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $467,000 |
| Median Household Income | $161,000 |