Pontiac, MI—48340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pontiac, MI
As of Oct '25, the median home price in Pontiac, MI is $135,000, with a year-over-year change of 5.5%. This indicates that home prices in Pontiac, MI are increasing. 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 | $135,000 | 5.5% |
| Single Family | $134,000 | 5.5% |
| Condos | $183,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | 7.0% |
2 Bed | $111,000 | 5.7% |
3 Bed | $144,000 | 5.1% |
4 Bed | $219,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pontiac, MI
As of July '25, Rentcast reports the average rent in Pontiac, MI is $1,200, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Pontiac, MI is 1-bedrooms: $957, 2-bedrooms: $1,200, 3-bedrooms: $1,490, 4-bedrooms: $1,550. The most common rental property sizes in Pontiac, MI are 2-bedroom and 3-bedroom, accounting for 36.2% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $945 | $957 |
| 2 Bed Rent | $1,100 | $1,200 |
| 3 Bed Rent | $1,400 | $1,490 |
| 4 Bed Rent | $1,550 | $1,550 |
% of Rental Stock
Property Listings — Pontiac, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pontiac, MI is 30. This is a increase of 35.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | -2.0% |
Listing Count | 65 | 42.0% |
| Listings as % of Homes | 0.3% | 42.0% |
Days on Market | 30 | 35.0% |
Demographics — Pontiac, MI
As of the latest ACS Survey released in 2023, Pontiac, MI has a population of 25,700, which has decreased by -1.4% over the past 5 years. Pontiac, MI is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | -1.4% |
% Under 18 | 23.9% | -16.1% |
% Seniors | 13.1% | 44.0% |
% WFH | 4.7% | 327.3% |
% w/ College Degree | 14.6% | 24.8% |
As of the latest ACS Survey released in 2023, Pontiac, MI is a predominantly black area, with 32.5% of the population identifying as black. The black population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Pontiac, MI is hispanic, making up 30.7% of the population. Foreign-born residents account for 11.3% of the population in Pontiac, MI, and this percentage has decreased by 11.0% 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 | 28.7% | -3.7% |
% Black | 32.5% | -1.8% |
% Hispanic | 30.7% | 6.6% |
% Asian | 3.9% | 34.5% |
% Foreign Born | 11.3% | -11.0% |
Mortgage and Risk — Pontiac, MI
According to HUD data as of 2023, there were 340 mortgage originations in Pontiac, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Pontiac, MI. Investor activity is low, as 2.0% 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 | 340 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pontiac, MI
As of 2024, the percent of homes in Pontiac, MI under the Section 8 program is 23.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pontiac, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,569 |
Total Units Section 8 | 1,474 |
% Rentals under Section 8 | 23.4% |
% Occupied Section 8 | 78.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $945 | $1,000 |
| 2 Bedroom | $160 | $1,100 | $1,260 |
| 3 Bedroom | $140 | $1,400 | $1,540 |
| 4 Bedroom | $120 | $1,550 | $1,670 |
Affordability — Pontiac, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $135,000 |
| Median Household Income | $46,500 |