Eagle, MI—48822
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagle, MI
As of Oct '25, the median home price in Eagle, MI is $316,000, with a year-over-year change of 2.2%. This indicates that home prices in Eagle, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 2.2% |
| Single Family | $316,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | 3.1% |
3 Bed | $328,000 | 3.5% |
4 Bed | $395,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eagle, MI
Eagle, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,390 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,390 | $1,390 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Eagle, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagle, MI is 60. This is a increase of 23.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 86.0% |
Listing Count | 11 | 89.0% |
| Listings as % of Homes | 0.7% | 89.0% |
Days on Market | 60 | 23.0% |
Demographics — Eagle, MI
As of the latest ACS Survey released in 2023, Eagle, MI has a population of 2,410, which has decreased by -19.6% over the past 5 years. Eagle, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,410 | -19.6% |
% Under 18 | 23.5% | 19.3% |
% Seniors | 14.4% | -22.6% |
% WFH | 13.8% | 181.6% |
% w/ College Degree | 26.8% | -8.2% |
As of the latest ACS Survey released in 2023, Eagle, MI is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Eagle, MI is hispanic, making up 9.7% of the population. Foreign-born residents account for 1.1% of the population in Eagle, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.6% | -10.2% |
% Black | 3.9% | 875.0% |
% Hispanic | 9.7% | 59.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Eagle, MI
According to HUD data as of 2023, there were 96 mortgage originations in Eagle, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Eagle, MI. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Eagle, MI
Eagle, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | $250 | $1,390 | $1,640 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Eagle, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $316,000 |
| Median Household Income | $91,400 |