Imlay City, MI—48444
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Imlay City, MI
As of Oct '25, the median home price in Imlay City, MI is $269,000, with a year-over-year change of 2.8%. This indicates that home prices in Imlay City, 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 | $269,000 | 2.8% |
| Single Family | $271,000 | 3.0% |
| Condos | $250,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 1.6% |
3 Bed | $287,000 | 3.2% |
4 Bed | $316,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Imlay City, MI
As of July '25, Rentcast reports the average rent in Imlay City, MI is $669, with a year-over-year rent change of -64.8%. Per bedroom, the median rent as of July '25 in Imlay City, MI is 1-bedrooms: $669. The most common rental property sizes in Imlay City, MI are 1-bedroom and 2-bedroom, accounting for 42.6% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $669 | $669 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $669 | $669 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Imlay City, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Imlay City, MI is 39. This is a increase of 24.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 9.0% |
Listing Count | 39 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 39 | 24.0% |
Demographics — Imlay City, MI
As of the latest ACS Survey released in 2023, Imlay City, MI has a population of 9,320, which has decreased by -5.6% over the past 5 years. Imlay City, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,320 | -5.6% |
% Under 18 | 23.5% | -10.6% |
% Seniors | 16.6% | 36.1% |
% WFH | 3.7% | 68.2% |
% w/ College Degree | 12.7% | -8.0% |
As of the latest ACS Survey released in 2023, Imlay City, MI is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Imlay City, MI is hispanic, making up 24.0% of the population. Foreign-born residents account for 6.8% of the population in Imlay City, MI, and this percentage has decreased by 22.7% 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 | 72.8% | -7.5% |
% Black | 0.3% | 0.0% |
% Hispanic | 24.0% | 25.7% |
% Asian | 0.2% | ∞% |
% Foreign Born | 6.8% | -22.7% |
Mortgage and Risk — Imlay City, MI
According to HUD data as of 2023, there were 187 mortgage originations in Imlay City, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Imlay City, MI. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Imlay City, MI
Imlay City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $251 | $669 | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Imlay City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $269,000 |
| Median Household Income | $69,000 |