Commerce Township, MI—48382
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Commerce Township, MI
Home Price Trends — Commerce Township, MI
As of Oct '25, the median home price in Commerce Township, MI is $451,000, with a year-over-year change of 4.3%. This indicates that home prices in Commerce Township, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | 4.3% |
| Single Family | $443,000 | 3.5% |
| Condos | $470,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 3.8% |
3 Bed | $372,000 | 3.6% |
4 Bed | $544,000 | 4.2% |
| 5 Bed | $659,000 | 2.3% |
% of Housing Stock
Rental Trends — Commerce Township, MI
As of July '25, Rentcast reports the average rent in Commerce Township, MI is $2,960, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Commerce Township, MI is 2-bedrooms: $2,150, 3-bedrooms: $2,000, 4-bedrooms: $4,000. The most common rental property sizes in Commerce Township, MI are 3-bedroom and 2-bedroom, accounting for 46.0% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,150 |
| 3 Bed Rent | $2,100 | $2,000 |
| 4 Bed Rent | $3,500 | $4,000 |
% of Rental Stock
Property Listings — Commerce Township, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Commerce Township, MI is 45. This is a increase of 17.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $669,000 | 19.0% |
Listing Count | 97 | 33.0% |
| Listings as % of Homes | 0.5% | 33.0% |
Days on Market | 45 | 17.0% |
Demographics — Commerce Township, MI
As of the latest ACS Survey released in 2023, Commerce Township, MI has a population of 23,600, which has remained stable by 0.2% over the past 5 years. Commerce Township, MI is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 49.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | 0.2% |
% Under 18 | 22.1% | -12.3% |
% Seniors | 17.0% | 22.3% |
% WFH | 18.4% | 240.7% |
% w/ College Degree | 49.1% | 0.0% |
As of the latest ACS Survey released in 2023, Commerce Township, MI is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Commerce Township, MI is hispanic, making up 4.0% of the population. Foreign-born residents account for 9.0% of the population in Commerce Township, MI, and this percentage has increased by 57.9% 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 | 86.5% | -5.5% |
% Black | 3.0% | 66.7% |
% Hispanic | 4.0% | 166.7% |
% Asian | 3.1% | 29.2% |
% Foreign Born | 9.0% | 57.9% |
Mortgage and Risk — Commerce Township, MI
According to HUD data as of 2023, there were 559 mortgage originations in Commerce Township, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Commerce Township, 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 | 559 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Commerce Township, MI
Commerce Township, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,610 |
| 2 Bedroom | $30 | $2,000 | $2,030 |
| 3 Bedroom | $390 | $2,100 | $2,490 |
| 4 Bedroom | -$810 | $3,500 | $2,690 |
Affordability — Commerce Township, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $451,000 |
| Median Household Income | $133,000 |