Bangor Township, MI—48706
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bangor Township, MI
As of Oct '25, the median home price in Bangor Township, MI is $181,000, with a year-over-year change of 4.8%. This indicates that home prices in Bangor Township, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 4.8% |
| Single Family | $177,000 | 4.7% |
| Condos | $237,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $79,000 | -1.2% |
2 Bed | $128,000 | 5.8% |
3 Bed | $192,000 | 5.5% |
4 Bed | $217,000 | 4.8% |
| 5 Bed | $247,000 | 3.3% |
% of Housing Stock
Rental Trends — Bangor Township, MI
As of July '25, Rentcast reports the average rent in Bangor Township, MI is $957, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Bangor Township, MI is studios: $712, 1-bedrooms: $850, 2-bedrooms: $971, 3-bedrooms: $1,080. The most common rental property sizes in Bangor Township, MI are 2-bedroom and 3-bedroom, accounting for 35.3% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $890 | $957 |
| Studio Rent | $700 | $712 |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $800 | $971 |
| 3 Bed Rent | $1,000 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bangor Township, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bangor Township, MI is 35. This is a increase of 24.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $213,000 | -9.0% |
Listing Count | 128 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 35 | 24.0% |
Demographics — Bangor Township, MI
As of the latest ACS Survey released in 2023, Bangor Township, MI has a population of 38,800, which has decreased by -1.7% over the past 5 years. Bangor Township, MI is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | -1.7% |
% Under 18 | 20.6% | 1.5% |
% Seniors | 22.7% | 9.1% |
% WFH | 7.5% | 177.8% |
% w/ College Degree | 23.6% | 21.0% |
As of the latest ACS Survey released in 2023, Bangor Township, MI is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Bangor Township, MI is hispanic, making up 4.8% of the population. Foreign-born residents account for 0.9% of the population in Bangor Township, MI, and this percentage has decreased by 35.7% 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 | 90.4% | -1.2% |
% Black | 0.8% | -42.9% |
% Hispanic | 4.8% | 23.1% |
% Asian | 0.2% | -75.0% |
% Foreign Born | 0.9% | -35.7% |
Mortgage and Risk — Bangor Township, MI
According to HUD data as of 2023, there were 708 mortgage originations in Bangor Township, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Bangor Township, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 708 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bangor Township, MI
Bangor Township, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 478 |
Total Units Section 8 | 415 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $850 | $800 |
| 2 Bedroom | $210 | $800 | $1,010 |
| 3 Bedroom | $350 | $1,000 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Bangor Township, 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 | $61,900 |