Marlette, MI—48453
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marlette, MI
Marlette, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | -6.1% |
| Single Family | $173,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $183,000 | -1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marlette, MI
As of July '25, Rentcast reports the average rent in Marlette, MI is $1,000, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Marlette, MI is 2-bedrooms: $1,000. The most common rental property sizes in Marlette, MI are 2-bedroom and 1-bedroom, accounting for 42.8% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marlette, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Marlette, MI is 44. This is a decrease of -37.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $229,000 | -13.0% |
Listing Count | 16 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 44 | -37.0% |
Demographics — Marlette, MI
As of the latest ACS Survey released in 2023, Marlette, MI has a population of 4,800, which has decreased by -8.4% over the past 5 years. Marlette, MI is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,800 | -8.4% |
% Under 18 | 22.0% | -18.5% |
% Seniors | 18.7% | 18.4% |
% WFH | 8.9% | 11.2% |
% w/ College Degree | 13.0% | 5.7% |
As of the latest ACS Survey released in 2023, Marlette, MI is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Marlette, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.4% of the population in Marlette, MI, and this percentage has decreased by 11.1% 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 | 93.6% | -0.3% |
% Black | 0.1% | -90.0% |
% Hispanic | 2.9% | -12.1% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.4% | -11.1% |
Mortgage and Risk — Marlette, MI
According to HUD data as of 2023, there were 58 mortgage originations in Marlette, MI, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Marlette, MI. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Marlette, MI
Marlette, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | $170 | $1,000 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Marlette, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $174,000 |
| Median Household Income | $53,400 |