Dimondale, MI—48821
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dimondale, MI
As of Oct '25, the median home price in Dimondale, MI is $292,000, with a year-over-year change of 2.4%. This indicates that home prices in Dimondale, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 2.4% |
| Single Family | $291,000 | 2.8% |
| 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 | $306,000 | 3.4% |
4 Bed | $356,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dimondale, MI
As of July '25, Rentcast reports the average rent in Dimondale, MI is $1,320, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Dimondale, MI is 2-bedrooms: $1,270, 3-bedrooms: $1,420. The most common rental property sizes in Dimondale, MI are 2-bedroom and 1-bedroom, accounting for 47.0% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $1,350 | $1,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dimondale, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Dimondale, MI is 35. This is a increase of 32.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | -1.0% |
Listing Count | 19 | -17.0% |
| Listings as % of Homes | 0.5% | -17.0% |
Days on Market | 35 | 32.0% |
Demographics — Dimondale, MI
As of the latest ACS Survey released in 2023, Dimondale, MI has a population of 6,180, which has increased by 1.9% over the past 5 years. Dimondale, MI is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,180 | 1.9% |
% Under 18 | 18.5% | 0.5% |
% Seniors | 28.4% | 27.4% |
% WFH | 13.4% | 605.3% |
% w/ College Degree | 35.8% | 24.7% |
As of the latest ACS Survey released in 2023, Dimondale, MI is a predominantly white area, with 88.9% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Dimondale, MI is hispanic, making up 6.3% of the population. Foreign-born residents account for 3.5% of the population in Dimondale, MI, and this percentage has decreased by 18.6% 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 | 88.9% | 4.0% |
% Black | 1.1% | -72.5% |
% Hispanic | 6.3% | 75.0% |
% Asian | 0.5% | -85.3% |
% Foreign Born | 3.5% | -18.6% |
Mortgage and Risk — Dimondale, MI
According to HUD data as of 2023, there were 100 mortgage originations in Dimondale, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Dimondale, MI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dimondale, MI
Dimondale, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | -$80 | $1,300 | $1,220 |
| 3 Bedroom | $240 | $1,350 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Dimondale, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $292,000 |
| Median Household Income | $104,000 |