Corunna, MI 48817 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Corunna, MI—48817

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$193,000

5.2% YoY Growth

Household Income

$57,500

7.2% YoY Growth

Days on Market

21.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

$949

N/A

1-Bed Rent

$750

N/A

2-Bed Rent

$949

N/A

3-Bed Rent

N/A

Home Price Trends — Corunna, MI

As of Dec '25, the median home price in Corunna, MI is $193,000, with a year-over-year change of 5.2%. This indicates that home prices in Corunna, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$193,000	5.2%
Single Family	$193,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Corunna, MI

Corunna, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$949	$883
Studio Rent	N/A	N/A
1 Bed Rent	$750	$750
2 Bed Rent	$949	$950
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.7%

1 Bedroom

15.9%

2 Bedrooms

53.4%

3 Bedrooms

19.5%

4 Bedrooms

0.6%

5+ Bedrooms

8.8%

Property Listings — Corunna, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Corunna, MI is 37. 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$230,000	-10.0%
Listing Count	18	16.0%
Listings as % of Homes	0.6%	16.0%
Days on Market	49	-21.0%

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Demographics — Corunna, MI

As of the latest ACS Survey released in 2023, Corunna, MI has a population of 5,450, which has decreased by -12.2% over the past 5 years. Corunna, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,450	-12.2%
% Under 18	20.3%	-3.8%
% Seniors	25.8%	30.3%
% WFH	2.8%	-60.6%
% w/ College Degree	16.0%	-0.6%

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As of the latest ACS Survey released in 2023, Corunna, MI is a predominantly white area, with 91.9% 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 Corunna, MI is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.4% of the population in Corunna, MI, and this percentage has increased by 7.7% 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	91.9%	-0.6%
% Black	0.9%	-47.1%
% Hispanic	2.8%	-31.7%
% Asian	2.2%	∞%
% Foreign Born	1.4%	7.7%

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Mortgage and Risk — Corunna, MI

According to HUD data as of 2023, there were 136 mortgage originations in Corunna, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Corunna, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	136
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Corunna, MI

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

Section 8 Market Size

Total Units under HUD	77
Total Units Section 8	77
% Rentals under Section 8	11.3%
% Occupied Section 8	96.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$750	$810
2 Bedroom	$111	$949	$1,060
3 Bedroom	N/A	N/A	$1,420
4 Bedroom	N/A	N/A	$1,540

Corunna, MI—48817

Key Metrics at a Glance

Home Price Trends — Corunna, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Corunna, MI

% of Rental Stock

Property Listings — Corunna, MI

Demographics — Corunna, MI

Race and Ethnicity

Mortgage and Risk — Corunna, MI

Mortgages

Rentals and Section 8 — Corunna, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Corunna, MI

Home Price to Income Ratio

Corunna, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Vernon

Lennon, MI

Durand, MI

New Lothrop, MI

Owosso, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$193,000
Median Household Income	$57,500

Corunna, MI—48817

Key Metrics at a Glance

Home Price Trends — Corunna, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Corunna, MI

% of Rental Stock

Property Listings — Corunna, MI

Demographics — Corunna, MI

Race and Ethnicity

Mortgage and Risk — Corunna, MI

Mortgages

Rentals and Section 8 — Corunna, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Corunna, MI

Home Price to Income Ratio

Corunna, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Vernon

Lennon, MI

Durand, MI

New Lothrop, MI

Owosso, MI

Frequently Asked Questions

What is the average home price in Corunna, MI 48817?

How have home prices in Corunna, MI 48817 changed over the past year?

What is the home price projection for Corunna, MI 48817?

What are the demographics of Corunna, MI 48817?

How long does it take homes to sell in Corunna, MI 48817?

What is the average rent price in Corunna, MI 48817?