Elsie, MI 48831 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elsie, MI—48831

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$193,000

1.3% YoY Growth

Household Income

$61,800

35.0% YoY Growth

Days on Market

29.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Elsie, MI

As of Dec '25, the median home price in Elsie, MI is $193,000, with a year-over-year change of 1.3%. This indicates that home prices in Elsie, 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	1.3%
Single Family	$193,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elsie, MI

Elsie, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

29.7%

2 Bedrooms

43.6%

3 Bedrooms

15.8%

4 Bedrooms

7.9%

5+ Bedrooms

3.0%

Property Listings — Elsie, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Elsie, MI is 48. This is a decrease of -17.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$173,000	20.0%
Listing Count	5	12.0%
Listings as % of Homes	0.3%	12.0%
Days on Market	65	-29.0%

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Demographics — Elsie, MI

As of the latest ACS Survey released in 2023, Elsie, MI has a population of 3,280, which has decreased by -9.5% over the past 5 years. Elsie, MI is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,280	-9.5%
% Under 18	19.2%	-19.7%
% Seniors	17.9%	4.1%
% WFH	7.6%	0.0%
% w/ College Degree	15.3%	19.5%

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As of the latest ACS Survey released in 2023, Elsie, MI is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 6.7% in the last 5 years. The second most common race or ethnicity in Elsie, MI is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.9% of the population in Elsie, MI, and this percentage has decreased by 43.8% 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	94.9%	6.7%
% Black	0.3%	-70.0%
% Hispanic	2.5%	-40.5%
% Asian	0.6%	500.0%
% Foreign Born	0.9%	-43.8%

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Mortgage and Risk — Elsie, MI

According to HUD data as of 2023, there were 37 mortgage originations in Elsie, MI, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Elsie, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	37
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Elsie, MI

Elsie, 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	2.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$800
2 Bedroom	N/A	N/A	$990
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	N/A	N/A	$1,380

Elsie, MI—48831

Key Metrics at a Glance

Home Price Trends — Elsie, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elsie, MI

% of Rental Stock

Property Listings — Elsie, MI

Demographics — Elsie, MI

Race and Ethnicity

Mortgage and Risk — Elsie, MI

Mortgages

Rentals and Section 8 — Elsie, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Elsie, MI

Home Price to Income Ratio

Elsie, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Bannister, MI

Ovid, MI

Henderson, MI

Ashley, MI

Brant, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$193,000
Median Household Income	$61,800

Elsie, MI—48831

Key Metrics at a Glance

Home Price Trends — Elsie, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elsie, MI

% of Rental Stock

Property Listings — Elsie, MI

Demographics — Elsie, MI

Race and Ethnicity

Mortgage and Risk — Elsie, MI

Mortgages

Rentals and Section 8 — Elsie, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Elsie, MI

Home Price to Income Ratio

Elsie, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Bannister, MI

Ovid, MI

Henderson, MI

Ashley, MI

Brant, MI

Frequently Asked Questions

What is the average home price in Elsie, MI 48831?

How have home prices in Elsie, MI 48831 changed over the past year?

What is the home price projection for Elsie, MI 48831?

What are the demographics of Elsie, MI 48831?

How long does it take homes to sell in Elsie, MI 48831?

What is the average rent price in Elsie, MI 48831?