Saint Louis, MI—48880
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Louis, MI
As of Oct '25, the median home price in Saint Louis, MI is $159,000, with a year-over-year change of 2.5%. This indicates that home prices in Saint Louis, MI are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 2.5% |
| Single Family | $159,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $126,000 | 5.0% |
3 Bed | $179,000 | 4.7% |
4 Bed | $206,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saint Louis, MI
As of July '25, Rentcast reports the average rent in Saint Louis, MI is $1,570, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Saint Louis, MI is 2-bedrooms: $1,800, 3-bedrooms: $1,100. The most common rental property sizes in Saint Louis, MI are 2-bedroom and 3-bedroom, accounting for 42.1% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saint Louis, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Louis, MI is 53. This is a increase of 14.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $137,000 | -21.0% |
Listing Count | 20 | -2.0% |
| Listings as % of Homes | 0.7% | -2.0% |
Days on Market | 53 | 14.0% |
Demographics — Saint Louis, MI
As of the latest ACS Survey released in 2023, Saint Louis, MI has a population of 9,950, which has remained stable by 0.9% over the past 5 years. Saint Louis, MI is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,950 | 0.9% |
% Under 18 | 13.5% | -9.4% |
% Seniors | 15.0% | 13.6% |
% WFH | 4.4% | -4.3% |
% w/ College Degree | 10.3% | 13.2% |
As of the latest ACS Survey released in 2023, Saint Louis, MI is a predominantly white area, with 67.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Saint Louis, MI is black, making up 19.1% of the population. Foreign-born residents account for 1.6% of the population in Saint Louis, MI, and this percentage has increased by 45.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.4% | -3.7% |
% Black | 19.1% | -2.1% |
% Hispanic | 9.4% | 36.2% |
% Asian | 0.3% | -50.0% |
% Foreign Born | 1.6% | 45.5% |
Mortgage and Risk — Saint Louis, MI
According to HUD data as of 2023, there were 69 mortgage originations in Saint Louis, MI, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Saint Louis, 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 | 69 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Saint Louis, MI
Saint Louis, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | -$830 | $1,800 | $970 |
| 3 Bedroom | $170 | $1,100 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Saint Louis, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $159,000 |
| Median Household Income | $56,100 |