Oakley, MI—48649
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakley, MI
As of Oct '25, the median home price in Oakley, MI is $181,000, with a year-over-year change of 5.6%. This indicates that home prices in Oakley, MI are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 5.6% |
| Single Family | $181,000 | 6.5% |
| 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 | $211,000 | 6.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oakley, MI
Oakley, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oakley, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakley, MI is 32. This is a decrease of -16.0% 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 | $299,000 | -8.0% |
Listing Count | 6 | 60.0% |
| Listings as % of Homes | 0.5% | 60.0% |
Days on Market | 32 | -16.0% |
Demographics — Oakley, MI
As of the latest ACS Survey released in 2023, Oakley, MI has a population of 1,480, which has increased by 6.9% over the past 5 years. Oakley, MI is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | 6.9% |
% Under 18 | 19.6% | -9.3% |
% Seniors | 19.8% | -10.4% |
% WFH | 11.3% | 156.8% |
% w/ College Degree | 14.2% | -2.7% |
As of the latest ACS Survey released in 2023, Oakley, MI is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Oakley, MI is hispanic, making up 7.6% of the population. Foreign-born residents account for 0.3% of the population in Oakley, MI, and this percentage has decreased by 76.9% 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 | 88.8% | -8.0% |
% Black | 0.3% | ∞% |
% Hispanic | 7.6% | 216.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -76.9% |
Mortgage and Risk — Oakley, MI
According to HUD data as of 2023, there were 69 mortgage originations in Oakley, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Oakley, MI. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Oakley, MI
Oakley, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Oakley, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $181,000 |
| Median Household Income | $68,300 |