Gregory, MI—48137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gregory, MI
As of Oct '25, the median home price in Gregory, MI is $344,000, with a year-over-year change of 3.7%. This indicates that home prices in Gregory, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 3.7% |
| Single Family | $346,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 5.3% |
3 Bed | $345,000 | 4.5% |
4 Bed | $441,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gregory, MI
Gregory, 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 — Gregory, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gregory, MI is 63. This is a increase of 17.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -10.0% |
Listing Count | 21 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 63 | 17.0% |
Demographics — Gregory, MI
As of the latest ACS Survey released in 2023, Gregory, MI has a population of 4,290, which has decreased by -17.3% over the past 5 years. Gregory, MI is a less popular place for families, as children make up 13.0% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,290 | -17.3% |
% Under 18 | 13.0% | -44.0% |
% Seniors | 23.7% | 32.4% |
% WFH | 5.7% | 14.0% |
% w/ College Degree | 28.4% | -0.4% |
As of the latest ACS Survey released in 2023, Gregory, MI is a predominantly white area, with 95.9% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Gregory, MI is black, making up 0.4% of the population. Foreign-born residents account for 4.4% of the population in Gregory, MI, and this percentage has increased by 300.0% 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 | 95.9% | 0.9% |
% Black | 0.4% | 0.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 4.4% | 300.0% |
Mortgage and Risk — Gregory, MI
According to HUD data as of 2023, there were 67 mortgage originations in Gregory, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Gregory, MI. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gregory, MI
Gregory, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,530 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | N/A | N/A | $2,370 |
| 4 Bedroom | N/A | N/A | $2,650 |
Affordability — Gregory, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $344,000 |
| Median Household Income | $82,800 |