Southgate, MI—48195
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southgate, MI
As of Oct '25, the median home price in Southgate, MI is $190,000, with a year-over-year change of 3.3%. This indicates that home prices in Southgate, 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 | $190,000 | 3.3% |
| Single Family | $192,000 | 3.8% |
| Condos | $160,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 3.4% |
3 Bed | $203,000 | 3.6% |
4 Bed | $293,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southgate, MI
As of July '25, Rentcast reports the average rent in Southgate, MI is $1,470, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Southgate, MI is 1-bedrooms: $928, 2-bedrooms: $1,770, 3-bedrooms: $1,700. The most common rental property sizes in Southgate, MI are 2-bedroom and 1-bedroom, accounting for 44.2% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $924 | $928 |
| 2 Bed Rent | $1,800 | $1,770 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Southgate, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Southgate, MI is 31. This is a increase of 8.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $217,000 | 0.0% |
Listing Count | 99 | 20.0% |
| Listings as % of Homes | 0.2% | 20.0% |
Days on Market | 31 | 8.0% |
Demographics — Southgate, MI
As of the latest ACS Survey released in 2023, Southgate, MI has a population of 29,600, which has remained stable by 1.0% over the past 5 years. Southgate, MI is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,600 | 1.0% |
% Under 18 | 20.6% | 18.4% |
% Seniors | 18.7% | -3.6% |
% WFH | 10.6% | 324.0% |
% w/ College Degree | 21.4% | 14.4% |
As of the latest ACS Survey released in 2023, Southgate, MI is a predominantly white area, with 75.1% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Southgate, MI is hispanic, making up 10.7% of the population. Foreign-born residents account for 6.5% of the population in Southgate, MI, and this percentage has decreased by 22.6% 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 | 75.1% | -6.6% |
% Black | 8.3% | 45.6% |
% Hispanic | 10.7% | 35.4% |
% Asian | 3.1% | -18.4% |
% Foreign Born | 6.5% | -22.6% |
Mortgage and Risk — Southgate, MI
According to HUD data as of 2023, there were 520 mortgage originations in Southgate, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Southgate, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 520 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Southgate, MI
Southgate, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 406 |
Total Units Section 8 | 406 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 95.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $96 | $924 | $1,020 |
| 2 Bedroom | -$510 | $1,800 | $1,290 |
| 3 Bedroom | -$120 | $1,700 | $1,580 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Southgate, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $190,000 |
| Median Household Income | $64,600 |