Bannister, MI—48807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bannister, MI
As of Oct '25, the median home price in Bannister, MI is $161,000, with a year-over-year change of 3.7%. This indicates that home prices in Bannister, MI are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 3.7% |
| Single Family | $161,000 | 4.5% |
| 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 — Bannister, MI
Bannister, 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 — Bannister, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bannister, MI is 51. This is a decrease of -84.0% 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 | $175,000 | -94.0% |
Listing Count | 1 | -40.0% |
| Listings as % of Homes | 1.8% | -40.0% |
Days on Market | 51 | -84.0% |
Demographics — Bannister, MI
As of the latest ACS Survey released in 2023, Bannister, MI has a population of 706, which has decreased by -16.4% over the past 5 years. Bannister, MI is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 706 | -16.4% |
% Under 18 | 16.7% | -34.3% |
% Seniors | 20.8% | 11.8% |
% WFH | 18.4% | 68.8% |
% w/ College Degree | 18.6% | 34.8% |
As of the latest ACS Survey released in 2023, Bannister, MI is a predominantly white area, with 96.7% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Bannister, MI is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.7% of the population in Bannister, MI, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.7% | -1.6% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.0% | 233.3% |
% Asian | 0.7% | ∞% |
% Foreign Born | 0.7% | 40.0% |
Mortgage and Risk — Bannister, MI
Bannister, 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 — Bannister, MI
Bannister, 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Bannister, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $161,000 |
| Median Household Income | $59,500 |