Pontiac, MI—48342
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 $124,000, with a year-over-year change of 5.9%. This indicates that home prices in Pontiac, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $124,000 | 5.9% |
| Single Family | $124,000 | 5.1% |
| Condos | $178,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | 7.7% |
3 Bed | $129,000 | 4.9% |
4 Bed | $141,000 | 5.2% |
| 5 Bed | $148,000 | 8.8% |
% of Housing Stock
Rental Trends — Pontiac, MI
As of July '25, Rentcast reports the average rent in Pontiac, MI is $1,260, with a year-over-year rent change of 12.5%. Per bedroom, the median rent as of July '25 in Pontiac, MI is 1-bedrooms: $808, 2-bedrooms: $1,240, 3-bedrooms: $1,460, 4-bedrooms: $1,700. The most common rental property sizes in Pontiac, MI are 2-bedroom and 3-bedroom, accounting for 36.5% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $830 | $808 |
| 2 Bed Rent | $1,250 | $1,240 |
| 3 Bed Rent | $1,400 | $1,460 |
| 4 Bed Rent | $1,700 | $1,700 |
% 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 65. This is a increase of 19.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -8.0% |
Listing Count | 43 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 65 | 19.0% |
Demographics — Pontiac, MI
As of the latest ACS Survey released in 2023, Pontiac, MI has a population of 17,200, which has increased by 4.8% over the past 5 years. Pontiac, MI is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 9.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | 4.8% |
% Under 18 | 27.0% | -4.3% |
% Seniors | 10.8% | 1.9% |
% WFH | 2.2% | -21.4% |
% w/ College Degree | 9.5% | 3.3% |
As of the latest ACS Survey released in 2023, Pontiac, MI is a predominantly black area, with 57.8% of the population identifying as black. The black population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Pontiac, MI is hispanic, making up 19.3% of the population. Foreign-born residents account for 9.6% of the population in Pontiac, MI, and this percentage has increased by 37.1% 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 | 13.4% | -21.2% |
% Black | 57.8% | -8.7% |
% Hispanic | 19.3% | 19.1% |
% Asian | 4.6% | 475.0% |
% Foreign Born | 9.6% | 37.1% |
Mortgage and Risk — Pontiac, MI
According to HUD data as of 2023, there were 189 mortgage originations in Pontiac, MI, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Pontiac, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 189 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Pontiac, MI
As of 2024, the percent of homes in Pontiac, MI under the Section 8 program is 50.2%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Pontiac, MI, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,082 |
Total Units Section 8 | 2,032 |
% Rentals under Section 8 | 50.2% |
% Occupied Section 8 | 71.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $830 | $960 |
| 2 Bedroom | -$30 | $1,250 | $1,220 |
| 3 Bedroom | $90 | $1,400 | $1,490 |
| 4 Bedroom | -$80 | $1,700 | $1,620 |
Affordability — Pontiac, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $124,000 |
| Median Household Income | $33,800 |