Corunna, MI—48817
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corunna, MI
As of Oct '25, the median home price in Corunna, MI is $192,000, with a year-over-year change of 4.9%. This indicates that home prices in Corunna, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 4.9% |
| Single Family | $192,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | 2.2% |
3 Bed | $204,000 | 4.6% |
4 Bed | $245,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Corunna, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Corunna, MI is 22. This is a increase of 55.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | -14.0% |
Listing Count | 20 | 32.0% |
| Listings as % of Homes | 0.6% | 32.0% |
Days on Market | 22 | 55.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Corunna, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $192,000 |
| Median Household Income | $57,500 |