Bentley, MI48613

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$188,000
5.7% YoY Growth
Median Household Income
$56,100
27.5% 5-Year Growth
Days on Market
N/A
N/A
Home Price Forecast
3.1%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Bentley, MI

Bentley, MI lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of Homes0.6%N/A
Days on Market
N/AN/A
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Demographics — Bentley, MI

As of the latest ACS Survey released in 2023, Bentley, MI has a population of 986, which has decreased by -3.3% over the past 5 years. Bentley, MI is a moderately popular place for families, as children make up 19.8% 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 1.8% reporting working from home.

MetricLatest CensusYoY % Change
Population
986-3.3%
% Under 18
19.8%13.8%
% Seniors
22.1%7.3%
% WFH
1.8%-14.3%
% w/ College Degree
12.7%71.6%
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As of the latest ACS Survey released in 2023, Bentley, MI is a predominantly white area, with 95.6% of the population identifying as white. The white population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Bentley, MI is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.0% of the population in Bentley, MI, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
95.6%5.3%
% Black
0.0%N/A
% Hispanic
1.6%-68.0%
% Asian
0.0%-100.0%
% Foreign Born
0.0%-100.0%
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Mortgage and Risk — Bentley, MI

According to HUD data as of 2023, there were 40 mortgage originations in Bentley, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Bentley, MI. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
40
% Conventional Loans
80.0%
% Government Loans
20.0%
% Investor Loans
0.0%
% Second Loans
3.0%
% Cash Out Refinance
15.0%

Loan Activity

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Rentals and Section 8 — Bentley, MI

Bentley, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
N/A
Total Units Section 8
N/A
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$910
2 BedroomN/AN/A$1,160
3 BedroomN/AN/A$1,560
4 BedroomN/AN/A$1,710

Affordability — Bentley, MI

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio2.8
Median Home Price$188,000
Median Household Income$56,100

Bentley, MI — ZIP Code Boundary Map

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Frequently Asked Questions