Saint Charles, MI—48655
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Charles, MI
As of Oct '25, the median home price in Saint Charles, MI is $192,000, with a year-over-year change of 7.4%. This indicates that home prices in Saint Charles, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 7.4% |
| Single Family | $192,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 3.4% |
3 Bed | $198,000 | 7.6% |
4 Bed | $255,000 | 9.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saint Charles, MI
As of July '25, Rentcast reports the average rent in Saint Charles, MI is $600, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Saint Charles, MI is studios: $600. The most common rental property sizes in Saint Charles, MI are 2-bedroom and 1-bedroom, accounting for 40.4% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $600 |
| Studio Rent | $600 | $600 |
| 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 — Saint Charles, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Charles, MI is 45. This is a increase of 26.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | -5.0% |
Listing Count | 13 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 45 | 26.0% |
Demographics — Saint Charles, MI
As of the latest ACS Survey released in 2023, Saint Charles, MI has a population of 5,660, which has decreased by -2.5% over the past 5 years. Saint Charles, MI is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,660 | -2.5% |
% Under 18 | 19.5% | -7.1% |
% Seniors | 23.2% | 24.7% |
% WFH | 10.5% | 156.1% |
% w/ College Degree | 17.6% | 23.9% |
As of the latest ACS Survey released in 2023, Saint Charles, MI is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Saint Charles, MI is hispanic, making up 6.6% of the population. Foreign-born residents account for 0.5% of the population in Saint Charles, MI, and this percentage has decreased by 16.7% 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 | 87.9% | -3.8% |
% Black | 3.7% | 825.0% |
% Hispanic | 6.6% | 8.2% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 0.5% | -16.7% |
Mortgage and Risk — Saint Charles, MI
According to HUD data as of 2023, there were 85 mortgage originations in Saint Charles, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Saint Charles, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Saint Charles, MI
Saint Charles, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Saint Charles, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $192,000 |
| Median Household Income | $64,600 |