Ashley, MI—48806
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashley, MI
As of Oct '25, the median home price in Ashley, MI is $172,000, with a year-over-year change of 1.1%. This indicates that home prices in Ashley, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 1.1% |
| Single Family | $172,000 | 2.4% |
| 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 — Ashley, MI
Ashley, 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 — Ashley, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashley, MI is 53. This is a decrease of -9.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $186,000 | -12.0% |
Listing Count | 4 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 53 | -9.0% |
Demographics — Ashley, MI
As of the latest ACS Survey released in 2023, Ashley, MI has a population of 1,820, which has increased by 17.1% over the past 5 years. Ashley, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,820 | 17.1% |
% Under 18 | 21.9% | 14.7% |
% Seniors | 17.9% | -16.7% |
% WFH | 5.1% | -26.1% |
% w/ College Degree | 13.8% | 24.3% |
As of the latest ACS Survey released in 2023, Ashley, MI is a predominantly white area, with 91.9% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Ashley, MI is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.7% of the population in Ashley, MI, and this percentage has decreased by 73.1% 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 | 91.9% | 0.9% |
% Black | 0.3% | -62.5% |
% Hispanic | 3.2% | 113.3% |
% Asian | 0.1% | -96.7% |
% Foreign Born | 0.7% | -73.1% |
Mortgage and Risk — Ashley, MI
According to HUD data as of 2023, there were 39 mortgage originations in Ashley, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Ashley, MI. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Ashley, MI
Ashley, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Ashley, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $172,000 |
| Median Household Income | $58,200 |