North Branch, MI—48461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Branch, MI
As of Oct '25, the median home price in North Branch, MI is $254,000, with a year-over-year change of 2.5%. This indicates that home prices in North Branch, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 2.5% |
| Single Family | $255,000 | 2.4% |
| 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 | $257,000 | 1.6% |
4 Bed | $294,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Branch, MI
North Branch, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $982 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $815 | $820 |
| 2 Bed Rent | $925 | $925 |
| 3 Bed Rent | $1,360 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Branch, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in North Branch, MI is 42. This is a decrease of -7.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -5.0% |
Listing Count | 24 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 42 | -7.0% |
Demographics — North Branch, MI
As of the latest ACS Survey released in 2023, North Branch, MI has a population of 8,260, which has increased by 2.7% over the past 5 years. North Branch, MI is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,260 | 2.7% |
% Under 18 | 18.4% | -25.2% |
% Seniors | 15.1% | 5.6% |
% WFH | 5.3% | 152.4% |
% w/ College Degree | 16.8% | -1.2% |
As of the latest ACS Survey released in 2023, North Branch, MI is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in North Branch, MI is hispanic, making up 3.2% of the population. Foreign-born residents account for 2.2% of the population in North Branch, MI, and this percentage has increased by 340.0% 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 | 93.9% | -1.6% |
% Black | 0.1% | -66.7% |
% Hispanic | 3.2% | 10.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.2% | 340.0% |
Mortgage and Risk — North Branch, MI
According to HUD data as of 2023, there were 197 mortgage originations in North Branch, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in North Branch, 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 | 197 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Branch, MI
North Branch, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | 16.6% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $815 | $920 |
| 2 Bedroom | $245 | $925 | $1,170 |
| 3 Bedroom | $80 | $1,360 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — North Branch, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $254,000 |
| Median Household Income | $76,600 |