Commerce Township, MI—48390
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 $307,000, with a year-over-year change of 2.7%. This indicates that home prices in Commerce Township, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 2.7% |
| Single Family | $331,000 | 3.1% |
| Condos | $279,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $165,000 | 3.1% |
2 Bed | $250,000 | 0.4% |
3 Bed | $337,000 | 3.4% |
4 Bed | $489,000 | 3.6% |
| 5 Bed | $647,000 | 2.2% |
% of Housing Stock
Rental Trends — Commerce Township, MI
As of July '25, Rentcast reports the average rent in Commerce Township, MI is $1,930, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Commerce Township, MI is studios: $1,600, 1-bedrooms: $1,170, 2-bedrooms: $1,840, 3-bedrooms: $2,580, 4-bedrooms: $2,950. The most common rental property sizes in Commerce Township, MI are 2-bedroom and 1-bedroom, accounting for 60.1% and 18.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,930 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,100 | $1,170 |
| 2 Bed Rent | $1,840 | $1,840 |
| 3 Bed Rent | $2,350 | $2,580 |
| 4 Bed Rent | $2,400 | $2,950 |
% 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 35. This is a increase of 14.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | 12.0% |
Listing Count | 105 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 35 | 14.0% |
Demographics — Commerce Township, MI
As of the latest ACS Survey released in 2023, Commerce Township, MI has a population of 24,100, which has increased by 1.3% over the past 5 years. Commerce Township, MI is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,100 | 1.3% |
% Under 18 | 18.8% | -7.8% |
% Seniors | 18.7% | 26.4% |
% WFH | 15.2% | 198.0% |
% w/ College Degree | 42.6% | 4.2% |
As of the latest ACS Survey released in 2023, Commerce Township, MI is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Commerce Township, MI is asian, making up 6.8% of the population. Foreign-born residents account for 15.6% of the population in Commerce Township, MI, and this percentage has increased by 12.2% 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 | 83.4% | -1.2% |
% Black | 3.0% | -26.8% |
% Hispanic | 3.7% | -19.6% |
% Asian | 6.8% | 51.1% |
% Foreign Born | 15.6% | 12.2% |
Mortgage and Risk — Commerce Township, MI
According to HUD data as of 2023, there were 455 mortgage originations in Commerce Township, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Commerce Township, MI
As of 2024, the percent of homes in Commerce Township, MI under the Section 8 program is 9.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Commerce Township, MI, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 267 |
Total Units Section 8 | 264 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,100 | $1,460 |
| 2 Bedroom | $10 | $1,840 | $1,850 |
| 3 Bedroom | -$80 | $2,350 | $2,270 |
| 4 Bedroom | $50 | $2,400 | $2,450 |
Affordability — Commerce Township, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $307,000 |
| Median Household Income | $89,400 |