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Spruce, MI—48762

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$203,000
0.9% YoY Growth
Household Income
$68,000
47.6% YoY Growth
Days on Market
129
40.0% Longer YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Spruce, MI

Spruce, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$203,0000.9%
Single Family $203,0001.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.2%
    1 Bedroom
    8.6%
    2 Bedrooms
    32.7%
    3 Bedrooms
    42.5%
    4 Bedrooms
    11.1%
    5+ Bedrooms
    1.9%

    Rental Trends — Spruce, MI

    Spruce, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    30.0%
    2 Bedrooms
    20.0%
    3 Bedrooms
    50.0%

    Property Listings — Spruce, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Spruce, MI is 43. This is a increase of 45.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$204,00032.0%
    Listing Count
    		527.0%
    Listings as % of Homes0.6%27.0%
    Days on Market
    		12940.0%
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    Demographics — Spruce, MI

    As of the latest ACS Survey released in 2023, Spruce, MI has a population of 1,010, which has decreased by -7.0% over the past 5 years. Spruce, MI is a less popular place for families, as children make up 14.5% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,010-7.0%
    % Under 18
    		14.5%17.9%
    % Seniors
    		34.6%-8.2%
    % WFH
    		7.2%-30.1%
    % w/ College Degree
    		23.2%17.2%
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    As of the latest ACS Survey released in 2023, Spruce, MI is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Spruce, MI is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.9% of the population in Spruce, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.1%-0.6%
    % Black
    		0.0%-100.0%
    % Hispanic
    		0.6%-60.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.9%0.0%
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    Mortgage and Risk — Spruce, MI

    According to HUD data as of 2023, there were 37 mortgage originations in Spruce, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Spruce, 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

    MetricZip Code Average
    Total Loan Originations
    		37
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		38.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Spruce, MI

    Spruce, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$780
    2 BedroomN/AN/A$940
    3 BedroomN/AN/A$1,230
    4 BedroomN/AN/A$1,500

    Affordability — Spruce, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$203,000
    Median Household Income$68,000

    Spruce, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ossineke, MI

    49766

    Hubbard Lake, MI

    49747

    Herron, MI

    49744

    Alpena, MI

    49707

    Lachine, MI

    49753

    Frequently Asked Questions