Saint Louis, MI 48880 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Saint Louis, MI—48880

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$160,000

3.0% YoY Growth

Household Income

$56,100

27.8% YoY Growth

Days on Market

84.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,800

24.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,800

0.0% YoY Growth

3-Bed Rent

$1,100

52.4% YoY Growth

Home Price Trends — Saint Louis, MI

As of Dec '25, the median home price in Saint Louis, MI is $160,000, with a year-over-year change of 3.0%. This indicates that home prices in Saint Louis, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$160,000	3.0%
Single Family	$160,000	3.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

13.2%

1 Bedroom

16.0%

2 Bedrooms

42.1%

3 Bedrooms

28.7%

Property Listings — Saint Louis, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Saint Louis, MI is 80. This is a increase of 54.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$131,000	-19.0%
Listing Count	22	5.0%
Listings as % of Homes	0.7%	5.0%
Days on Market	93	84.0%

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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%

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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%

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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%

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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

Saint Louis, MI—48880

Key Metrics at a Glance

Home Price Trends — Saint Louis, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saint Louis, MI

% of Rental Stock

Property Listings — Saint Louis, MI

Demographics — Saint Louis, MI

Race and Ethnicity

Mortgage and Risk — Saint Louis, MI

Mortgages

Rentals and Section 8 — Saint Louis, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Saint Louis, MI

Home Price to Income Ratio

Saint Louis, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Wheeler, MI

Shepherd, MI

Alma, MI

Wheeler, MI

Ithaca, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$160,000
Median Household Income	$56,100

Saint Louis, MI—48880

Key Metrics at a Glance

Home Price Trends — Saint Louis, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saint Louis, MI

% of Rental Stock

Property Listings — Saint Louis, MI

Demographics — Saint Louis, MI

Race and Ethnicity

Mortgage and Risk — Saint Louis, MI

Mortgages

Rentals and Section 8 — Saint Louis, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Saint Louis, MI

Home Price to Income Ratio

Saint Louis, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Wheeler, MI

Shepherd, MI

Alma, MI

Wheeler, MI

Ithaca, MI

Frequently Asked Questions

What is the average home price in Saint Louis, MI 48880?

How have home prices in Saint Louis, MI 48880 changed over the past year?

What is the home price projection for Saint Louis, MI 48880?

What are the demographics of Saint Louis, MI 48880?

How long does it take homes to sell in Saint Louis, MI 48880?

What is the average rent price in Saint Louis, MI 48880?