Temperance, MI—48182
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Temperance, MI
As of Oct '25, the median home price in Temperance, MI is $284,000, with a year-over-year change of 3.8%. This indicates that home prices in Temperance, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 3.8% |
| Single Family | $284,000 | 4.0% |
| Condos | $271,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 7.3% |
3 Bed | $271,000 | 4.2% |
4 Bed | $345,000 | 4.5% |
| 5 Bed | $406,000 | 4.1% |
% of Housing Stock
Rental Trends — Temperance, MI
As of July '25, Rentcast reports the average rent in Temperance, MI is $1,650, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Temperance, MI is 2-bedrooms: $1,400, 3-bedrooms: $2,090, 4-bedrooms: $2,000. The most common rental property sizes in Temperance, MI are 2-bedroom and 1-bedroom, accounting for 48.9% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,670 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,400 |
| 3 Bed Rent | $1,680 | $2,090 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Temperance, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Temperance, MI is 40. This is a decrease of -16.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $313,000 | 5.0% |
Listing Count | 51 | -31.0% |
| Listings as % of Homes | 0.4% | -31.0% |
Days on Market | 40 | -16.0% |
Demographics — Temperance, MI
As of the latest ACS Survey released in 2023, Temperance, MI has a population of 20,700, which has decreased by -4.7% over the past 5 years. Temperance, MI is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | -4.7% |
% Under 18 | 21.0% | -4.5% |
% Seniors | 20.6% | 13.8% |
% WFH | 11.5% | 121.2% |
% w/ College Degree | 29.6% | 22.3% |
As of the latest ACS Survey released in 2023, Temperance, MI is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Temperance, MI is hispanic, making up 5.6% of the population. Foreign-born residents account for 1.9% of the population in Temperance, MI, and this percentage has decreased by 50.0% 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 | 90.1% | -3.9% |
% Black | 1.1% | 266.7% |
% Hispanic | 5.6% | 51.4% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 1.9% | -50.0% |
Mortgage and Risk — Temperance, MI
According to HUD data as of 2023, there were 403 mortgage originations in Temperance, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Temperance, MI. Investor activity is low, as 1.0% 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 | 403 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Temperance, MI
Temperance, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,060 |
| 2 Bedroom | $40 | $1,350 | $1,390 |
| 3 Bedroom | $50 | $1,680 | $1,730 |
| 4 Bedroom | $210 | $2,000 | $2,210 |
Affordability — Temperance, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $284,000 |
| Median Household Income | $83,200 |