Reese, MI—48757
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reese, MI
Reese, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | 6.2% |
| Single Family | $211,000 | 7.7% |
| 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 | $222,000 | 7.8% |
4 Bed | $239,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Reese, MI
Reese, 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 — Reese, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Reese, MI is 52. This is a decrease of -35.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $207,000 | -27.0% |
Listing Count | 14 | 192.0% |
| Listings as % of Homes | 0.4% | 192.0% |
Days on Market | 52 | -35.0% |
Demographics — Reese, MI
As of the latest ACS Survey released in 2023, Reese, MI has a population of 3,680, which has remained stable by -0.0% over the past 5 years. Reese, MI is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | 0.0% |
% Under 18 | 18.5% | -8.4% |
% Seniors | 24.0% | 9.6% |
% WFH | 5.5% | 120.0% |
% w/ College Degree | 25.4% | 58.7% |
As of the latest ACS Survey released in 2023, Reese, MI is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Reese, MI is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Reese, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.9% | 1.7% |
% Black | 0.3% | -57.1% |
% Hispanic | 2.4% | -52.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 0.0% |
Mortgage and Risk — Reese, MI
According to HUD data as of 2023, there were 71 mortgage originations in Reese, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Reese, MI. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Reese, MI
Reese, 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 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Reese, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $211,000 |
| Median Household Income | $74,500 |