Carson City, MI—48811
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carson City, MI
As of Oct '25, the median home price in Carson City, MI is $190,000, with a year-over-year change of 1.7%. This indicates that home prices in Carson City, MI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | 1.7% |
| Single Family | $190,000 | 2.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carson City, MI
Carson City, 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 — Carson City, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Carson City, MI is 27. This is a decrease of -5.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -1.0% |
Listing Count | 9 | -21.0% |
| Listings as % of Homes | 0.1% | -21.0% |
Days on Market | 27 | -5.0% |
Demographics — Carson City, MI
As of the latest ACS Survey released in 2023, Carson City, MI has a population of 7,420, which has increased by 39.3% over the past 5 years. Carson City, MI is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,420 | 39.3% |
% Under 18 | 18.6% | 16.2% |
% Seniors | 13.3% | 9.0% |
% WFH | 6.1% | 32.6% |
% w/ College Degree | 9.2% | 0.0% |
As of the latest ACS Survey released in 2023, Carson City, MI is a predominantly white area, with 78.8% of the population identifying as white. The white population has grown by 10.1% in the last 5 years. The second most common race or ethnicity in Carson City, MI is black, making up 11.8% of the population. Foreign-born residents account for 1.0% of the population in Carson City, MI, and this percentage has increased by 11.1% 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 | 78.8% | 10.1% |
% Black | 11.8% | -41.9% |
% Hispanic | 2.5% | -51.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | 11.1% |
Mortgage and Risk — Carson City, MI
According to HUD data as of 2023, there were 73 mortgage originations in Carson City, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Carson City, MI. Investor activity is low, as 0.0% 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 | 73 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Carson City, MI
Carson City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Carson City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $190,000 |
| Median Household Income | $66,900 |