Hemlock, MI—48626
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hemlock, MI
As of Oct '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 2.8%, 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 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | 4.6% |
3 Bed | $243,000 | 6.6% |
4 Bed | $290,000 | 6.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hemlock, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hemlock, MI is 38. This is a increase of 43.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 40.0% |
Listing Count | 21 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 38 | 43.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Hemlock, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $237,000 |
| Median Household Income | $82,000 |