Wixom, MI—48393
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wixom, MI
As of Oct '25, the median home price in Wixom, MI is $378,000, with a year-over-year change of 3.0%. This indicates that home prices in Wixom, 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 | $378,000 | 3.0% |
| Single Family | $409,000 | 2.8% |
| Condos | $323,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 2.2% |
3 Bed | $358,000 | 3.2% |
4 Bed | $491,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wixom, MI
As of July '25, Rentcast reports the average rent in Wixom, MI is $2,220, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Wixom, MI is 1-bedrooms: $1,150, 2-bedrooms: $2,350, 3-bedrooms: $2,520, 4-bedrooms: $3,080. The most common rental property sizes in Wixom, MI are 1-bedroom and 2-bedroom, accounting for 57.3% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,190 | $1,150 |
| 2 Bed Rent | $1,990 | $2,350 |
| 3 Bed Rent | $2,200 | $2,520 |
| 4 Bed Rent | $3,000 | $3,080 |
% of Rental Stock
Property Listings — Wixom, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wixom, MI is 47. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter 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 | $394,000 | 15.0% |
Listing Count | 37 | -3.0% |
| Listings as % of Homes | 0.2% | -3.0% |
Days on Market | 47 | -16.0% |
Demographics — Wixom, MI
As of the latest ACS Survey released in 2023, Wixom, MI has a population of 20,100, which has increased by 19.9% over the past 5 years. Wixom, MI is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 19.9% |
% Under 18 | 18.3% | -20.4% |
% Seniors | 13.7% | 48.9% |
% WFH | 11.9% | 283.9% |
% w/ College Degree | 42.7% | 14.5% |
As of the latest ACS Survey released in 2023, Wixom, MI is a predominantly white area, with 73.9% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Wixom, MI is black, making up 8.2% of the population. Foreign-born residents account for 17.5% of the population in Wixom, MI, and this percentage has increased by 31.6% 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 | 73.9% | 2.8% |
% Black | 8.2% | -46.4% |
% Hispanic | 7.5% | 92.3% |
% Asian | 6.1% | -10.3% |
% Foreign Born | 17.5% | 31.6% |
Mortgage and Risk — Wixom, MI
According to HUD data as of 2023, there were 270 mortgage originations in Wixom, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wixom, MI. Investor activity is low, as 0.0% 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 | 270 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Wixom, MI
As of 2024, the percent of homes in Wixom, MI under the Section 8 program is 1.6%. 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. In Wixom, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,190 | $920 |
| 2 Bedroom | -$820 | $1,990 | $1,170 |
| 3 Bedroom | -$760 | $2,200 | $1,440 |
| 4 Bedroom | -$1,450 | $3,000 | $1,550 |
Affordability — Wixom, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $378,000 |
| Median Household Income | $67,200 |