Hemlock, MI 48626 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hemlock, MI—48626

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$237,000

8.0% YoY Growth

Household Income

$82,000

32.9% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

3.5%

Median Rent

$1,200

45.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

45.9% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Hemlock, MI

As of Dec '25, the median home price in Hemlock, MI is $237,000, with a year-over-year change of 8.0%. This indicates that home prices in Hemlock, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$237,000	8.0%
Single Family	$237,000	7.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hemlock, MI

As of July '25, Rentcast reports the average rent in Hemlock, MI is $1,350, with a year-over-year rent change of 45.9%. Per bedroom, the median rent as of July '25 in Hemlock, MI is 2-bedrooms: $1,350. The most common rental property sizes in Hemlock, MI are 2-bedroom and 3-bedroom, accounting for 38.2% and 31.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,350
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,350
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

17.4%

2 Bedrooms

38.2%

3 Bedrooms

31.9%

4 Bedrooms

12.6%

Property Listings — Hemlock, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Hemlock, MI is 57. This is a increase of 37.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$235,000	8.0%
Listing Count	21	14.0%
Listings as % of Homes	0.5%	14.0%
Days on Market	65	22.0%

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Demographics — Hemlock, MI

As of the latest ACS Survey released in 2023, Hemlock, MI has a population of 5,810, which has decreased by -1.1% over the past 5 years. Hemlock, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,810	-1.1%
% Under 18	20.4%	-3.3%
% Seniors	21.2%	2.9%
% WFH	6.6%	8.2%
% w/ College Degree	30.6%	40.4%

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As of the latest ACS Survey released in 2023, Hemlock, MI is a predominantly white area, with 95.1% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Hemlock, MI is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.1% of the population in Hemlock, MI, and this percentage has increased by 83.3% 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	95.1%	0.6%
% Black	0.0%	-100.0%
% Hispanic	2.1%	-47.5%
% Asian	0.9%	200.0%
% Foreign Born	1.1%	83.3%

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Mortgage and Risk — Hemlock, MI

According to HUD data as of 2023, there were 119 mortgage originations in Hemlock, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Hemlock, MI. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	119
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Hemlock, MI

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

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	1.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$770
2 Bedroom	-$200	$1,200	$1,000
3 Bedroom	N/A	N/A	$1,300
4 Bedroom	N/A	N/A	$1,330

Hemlock, MI—48626

Key Metrics at a Glance

Home Price Trends — Hemlock, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hemlock, MI

% of Rental Stock

Property Listings — Hemlock, MI

Demographics — Hemlock, MI

Race and Ethnicity

Mortgage and Risk — Hemlock, MI

Mortgages

Rentals and Section 8 — Hemlock, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hemlock, MI

Home Price to Income Ratio

Hemlock, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Merrill, MI

Freeland, MI

Saginaw, MI

Saint Charles, MI

Wheeler, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$237,000
Median Household Income	$82,000

Hemlock, MI—48626

Key Metrics at a Glance

Home Price Trends — Hemlock, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hemlock, MI

% of Rental Stock

Property Listings — Hemlock, MI

Demographics — Hemlock, MI

Race and Ethnicity

Mortgage and Risk — Hemlock, MI

Mortgages

Rentals and Section 8 — Hemlock, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hemlock, MI

Home Price to Income Ratio

Hemlock, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Merrill, MI

Freeland, MI

Saginaw, MI

Saint Charles, MI

Wheeler, MI

Frequently Asked Questions

What is the average home price in Hemlock, MI 48626?

How have home prices in Hemlock, MI 48626 changed over the past year?

What is the home price projection for Hemlock, MI 48626?

What are the demographics of Hemlock, MI 48626?

How long does it take homes to sell in Hemlock, MI 48626?

What is the average rent price in Hemlock, MI 48626?