Willis, MI—48191
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willis, MI
As of Oct '25, the median home price in Willis, MI is $293,000, with a year-over-year change of -0.9%. This indicates that home prices in Willis, MI are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | -0.9% |
| Single Family | $293,000 | -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 | $244,000 | 3.8% |
3 Bed | $280,000 | -10.5% |
4 Bed | $400,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Willis, MI
Willis, 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 — Willis, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Willis, MI is 18. This is a decrease of -11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 22.0% |
Listing Count | 8 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 18 | -11.0% |
Demographics — Willis, MI
As of the latest ACS Survey released in 2023, Willis, MI has a population of 4,250, which has increased by 3.7% over the past 5 years. Willis, MI is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,250 | 3.7% |
% Under 18 | 17.9% | -18.3% |
% Seniors | 18.7% | 3.3% |
% WFH | 12.0% | 2,900.0% |
% w/ College Degree | 22.0% | 18.9% |
As of the latest ACS Survey released in 2023, Willis, MI is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Willis, MI is black, making up 8.7% of the population. Foreign-born residents account for 2.9% of the population in Willis, MI, and this percentage has increased by 11.5% 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 | 77.7% | -5.0% |
% Black | 8.7% | 123.1% |
% Hispanic | 0.8% | -77.1% |
% Asian | 0.5% | 150.0% |
% Foreign Born | 2.9% | 11.5% |
Mortgage and Risk — Willis, MI
According to HUD data as of 2023, there were 98 mortgage originations in Willis, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Willis, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Willis, MI
Willis, 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 | 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 | $1,600 |
| 2 Bedroom | N/A | N/A | $1,920 |
| 3 Bedroom | N/A | N/A | $2,310 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Willis, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $293,000 |
| Median Household Income | $98,100 |