Perrinton, MI—48871
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perrinton, MI
As of Oct '25, the median home price in Perrinton, MI is $271,000, with a year-over-year change of 4.5%. This indicates that home prices in Perrinton, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | 4.5% |
| Single Family | $271,000 | 5.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Perrinton, MI
Perrinton, 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 |
% of Rental Stock
Property Listings — Perrinton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Perrinton, MI is 48. This is a decrease of -28.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $424,000 | 41.0% |
Listing Count | 9 | -7.0% |
| Listings as % of Homes | 0.9% | -7.0% |
Days on Market | 48 | -28.0% |
Demographics — Perrinton, MI
As of the latest ACS Survey released in 2023, Perrinton, MI has a population of 2,230, which has increased by 7.9% over the past 5 years. Perrinton, MI is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,230 | 7.9% |
% Under 18 | 24.4% | -7.6% |
% Seniors | 19.9% | 29.2% |
% WFH | 4.8% | 0.0% |
% w/ College Degree | 24.8% | 37.0% |
As of the latest ACS Survey released in 2023, Perrinton, MI is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Perrinton, MI is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.8% of the population in Perrinton, MI, and this percentage has decreased by 42.9% 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 | 97.0% | 5.0% |
% Black | 0.1% | -50.0% |
% Hispanic | 1.7% | -69.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | -42.9% |
Mortgage and Risk — Perrinton, MI
According to HUD data as of 2023, there were 70 mortgage originations in Perrinton, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Perrinton, 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 | 70 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Perrinton, MI
Perrinton, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Perrinton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $271,000 |
| Median Household Income | $86,500 |