Wheeler, MI—48662
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wheeler, MI
Home Price Trends — Wheeler, MI
As of Oct '25, the median home price in Wheeler, MI is $171,000, with a year-over-year change of -3.5%. This indicates that home prices in Wheeler, MI are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | -3.5% |
| Single Family | $172,000 | -3.9% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wheeler, MI
Wheeler, 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 — Wheeler, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wheeler, MI is 22. This is a increase of 76.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | -17.0% |
Listing Count | 6 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 22 | 76.0% |
Demographics — Wheeler, MI
As of the latest ACS Survey released in 2023, Wheeler, MI has a population of 1,280, which has decreased by -22.2% over the past 5 years. Wheeler, MI is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,280 | -22.2% |
% Under 18 | 17.3% | -22.4% |
% Seniors | 19.8% | 10.6% |
% WFH | 4.9% | 53.1% |
% w/ College Degree | 18.5% | 115.1% |
As of the latest ACS Survey released in 2023, Wheeler, MI is a predominantly white area, with 94.8% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Wheeler, MI is hispanic, making up 4.2% of the population. Foreign-born residents account for 0.3% of the population in Wheeler, MI, and this percentage has decreased by 62.5% 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 | 94.8% | 3.5% |
% Black | 0.0% | N/A |
% Hispanic | 4.2% | -47.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -62.5% |
Mortgage and Risk — Wheeler, MI
Wheeler, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Wheeler, MI
Wheeler, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Wheeler, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $171,000 |
| Median Household Income | $69,100 |