Dewitt, MI—48820
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dewitt, MI
As of Oct '25, the median home price in Dewitt, MI is $352,000, with a year-over-year change of 2.2%. This indicates that home prices in Dewitt, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 2.2% |
| Single Family | $351,000 | 1.7% |
| Condos | $377,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 4.5% |
3 Bed | $329,000 | 2.8% |
4 Bed | $430,000 | 2.1% |
| 5 Bed | $511,000 | 1.2% |
% of Housing Stock
Rental Trends — Dewitt, MI
As of July '25, Rentcast reports the average rent in Dewitt, MI is $1,780, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Dewitt, MI is studios: $775, 1-bedrooms: $1,180, 2-bedrooms: $1,720. The most common rental property sizes in Dewitt, MI are 2-bedroom and 3-bedroom, accounting for 48.4% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,780 |
| Studio Rent | $775 | $775 |
| 1 Bed Rent | $1,180 | $1,180 |
| 2 Bed Rent | $1,420 | $1,720 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dewitt, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Dewitt, MI is 47. This is a decrease of -4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $429,000 | 11.0% |
Listing Count | 55 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 47 | -4.0% |
Demographics — Dewitt, MI
As of the latest ACS Survey released in 2023, Dewitt, MI has a population of 18,100, which has increased by 1.2% over the past 5 years. Dewitt, MI is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | 1.2% |
% Under 18 | 23.1% | -7.6% |
% Seniors | 19.0% | 20.3% |
% WFH | 19.0% | 458.8% |
% w/ College Degree | 45.2% | 5.6% |
As of the latest ACS Survey released in 2023, Dewitt, MI is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Dewitt, MI is hispanic, making up 6.2% of the population. Foreign-born residents account for 1.6% of the population in Dewitt, MI, and this percentage has decreased by 56.8% 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 | 88.1% | -1.1% |
% Black | 1.7% | -37.0% |
% Hispanic | 6.2% | 31.9% |
% Asian | 0.2% | -90.0% |
% Foreign Born | 1.6% | -56.8% |
Mortgage and Risk — Dewitt, MI
According to HUD data as of 2023, there were 474 mortgage originations in Dewitt, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Dewitt, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 474 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Dewitt, MI
Dewitt, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,180 | $910 |
| 2 Bedroom | -$290 | $1,420 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Dewitt, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $352,000 |
| Median Household Income | $107,000 |