Smiths Creek, MI—48074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smiths Creek, MI
As of Oct '25, the median home price in Smiths Creek, MI is $225,000, with a year-over-year change of -1.0%. This indicates that home prices in Smiths Creek, MI are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | -1.0% |
| Single Family | $223,000 | -1.3% |
| Condos | $276,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | -1.2% |
3 Bed | $255,000 | 1.2% |
4 Bed | $312,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Smiths Creek, MI
As of July '25, Rentcast reports the average rent in Smiths Creek, MI is $999, with a year-over-year rent change of 48.0%. Per bedroom, the median rent as of July '25 in Smiths Creek, MI is 3-bedrooms: $999. The most common rental property sizes in Smiths Creek, MI are 3-bedroom and 2-bedroom, accounting for 69.5% and 8.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $999 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $999 | $999 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Smiths Creek, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Smiths Creek, MI is 48. This is a increase of 14.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 6.0% |
Listing Count | 22 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 48 | 14.0% |
Demographics — Smiths Creek, MI
As of the latest ACS Survey released in 2023, Smiths Creek, MI has a population of 9,620, which has increased by 5.1% over the past 5 years. Smiths Creek, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,620 | 5.1% |
% Under 18 | 21.3% | 1.4% |
% Seniors | 16.9% | -7.1% |
% WFH | 8.7% | 443.7% |
% w/ College Degree | 15.2% | -1.3% |
As of the latest ACS Survey released in 2023, Smiths Creek, MI is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Smiths Creek, MI is hispanic, making up 6.4% of the population. Foreign-born residents account for 1.5% of the population in Smiths Creek, MI, and this percentage has decreased by 6.2% 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 | 89.7% | -1.4% |
% Black | 0.1% | 0.0% |
% Hispanic | 6.4% | 36.2% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 1.5% | -6.2% |
Mortgage and Risk — Smiths Creek, MI
According to HUD data as of 2023, there were 209 mortgage originations in Smiths Creek, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Smiths Creek, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 209 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Smiths Creek, MI
Smiths Creek, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | $591 | $999 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Smiths Creek, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $225,000 |
| Median Household Income | $69,600 |