Weidman, MI—48893
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Weidman, MI
As of Oct '25, the median home price in Weidman, MI is $207,000, with a year-over-year change of -1.8%. This indicates that home prices in Weidman, MI are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -1.8% |
| Single Family | $208,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 0.7% |
3 Bed | $231,000 | 1.3% |
4 Bed | $314,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Weidman, MI
Weidman, 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 — Weidman, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Weidman, MI is 64. This is a decrease of -7.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $258,000 | 10.0% |
Listing Count | 25 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 64 | -7.0% |
Demographics — Weidman, MI
As of the latest ACS Survey released in 2023, Weidman, MI has a population of 5,660, which has increased by 4.3% over the past 5 years. Weidman, MI is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,660 | 4.3% |
% Under 18 | 25.4% | 13.4% |
% Seniors | 23.9% | 25.8% |
% WFH | 10.1% | 46.4% |
% w/ College Degree | 22.5% | 6.1% |
As of the latest ACS Survey released in 2023, Weidman, MI is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Weidman, MI is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.7% of the population in Weidman, MI, and this percentage has increased by 75.0% 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 | 88.0% | -6.6% |
% Black | 0.1% | 0.0% |
% Hispanic | 1.5% | -16.7% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.7% | 75.0% |
Mortgage and Risk — Weidman, MI
According to HUD data as of 2023, there were 178 mortgage originations in Weidman, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Weidman, 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 | 178 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Weidman, MI
Weidman, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Weidman, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $207,000 |
| Median Household Income | $71,100 |