Ortonville, MI—48462
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ortonville, MI
As of Oct '25, the median home price in Ortonville, MI is $390,000, with a year-over-year change of 4.0%. This indicates that home prices in Ortonville, 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 | $390,000 | 4.0% |
| Single Family | $390,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $246,000 | 3.4% |
3 Bed | $386,000 | 3.5% |
4 Bed | $458,000 | 3.4% |
| 5 Bed | $525,000 | 3.6% |
% of Housing Stock
Rental Trends — Ortonville, MI
As of July '25, Rentcast reports the average rent in Ortonville, MI is $1,630, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Ortonville, MI is 1-bedrooms: $688, 2-bedrooms: $1,140. The most common rental property sizes in Ortonville, MI are 2-bedroom and 3-bedroom, accounting for 43.0% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $688 |
| 2 Bed Rent | $1,020 | $1,140 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ortonville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ortonville, MI is 44. This is a decrease of -6.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 6.0% |
Listing Count | 47 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 44 | -6.0% |
Demographics — Ortonville, MI
As of the latest ACS Survey released in 2023, Ortonville, MI has a population of 13,000, which has decreased by -6.8% over the past 5 years. Ortonville, 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 36.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | -6.8% |
% Under 18 | 18.8% | -20.3% |
% Seniors | 21.7% | 49.7% |
% WFH | 15.9% | 329.7% |
% w/ College Degree | 36.5% | 35.7% |
As of the latest ACS Survey released in 2023, Ortonville, MI is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Ortonville, MI is hispanic, making up 4.8% of the population. Foreign-born residents account for 1.9% of the population in Ortonville, MI, and this percentage has decreased by 34.5% 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 | 91.9% | -2.2% |
% Black | 0.2% | -75.0% |
% Hispanic | 4.8% | 65.5% |
% Asian | 1.5% | 87.5% |
% Foreign Born | 1.9% | -34.5% |
Mortgage and Risk — Ortonville, MI
According to HUD data as of 2023, there were 259 mortgage originations in Ortonville, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Ortonville, MI. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 259 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Ortonville, MI
Ortonville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $600 | $930 |
| 2 Bedroom | $160 | $1,020 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Ortonville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $390,000 |
| Median Household Income | $104,000 |