Cooper, MI—49004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cooper, MI
As of Oct '25, the median home price in Cooper, MI is $219,000, with a year-over-year change of 3.0%. This indicates that home prices in Cooper, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 3.0% |
| Single Family | $219,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 4.5% |
3 Bed | $215,000 | 3.4% |
4 Bed | $294,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cooper, MI
As of July '25, Rentcast reports the average rent in Cooper, MI is $1,100, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Cooper, MI is 1-bedrooms: $775, 2-bedrooms: $1,080, 3-bedrooms: $1,500. The most common rental property sizes in Cooper, MI are 2-bedroom and 1-bedroom, accounting for 51.3% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $775 |
| 2 Bed Rent | $1,020 | $1,080 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cooper, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Cooper, MI is 32. This is a increase of 24.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | 7.0% |
Listing Count | 48 | 50.0% |
| Listings as % of Homes | 0.4% | 50.0% |
Days on Market | 32 | 24.0% |
Demographics — Cooper, MI
As of the latest ACS Survey released in 2023, Cooper, MI has a population of 17,800, which has increased by 8.7% over the past 5 years. Cooper, MI is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 8.7% |
% Under 18 | 23.1% | -10.5% |
% Seniors | 17.1% | 8.9% |
% WFH | 9.1% | 139.5% |
% w/ College Degree | 34.0% | 3.0% |
As of the latest ACS Survey released in 2023, Cooper, MI is a predominantly white area, with 78.9% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Cooper, MI is black, making up 8.1% of the population. Foreign-born residents account for 2.9% of the population in Cooper, MI, and this percentage has decreased by 19.4% 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 | 78.9% | 1.3% |
% Black | 8.1% | -33.1% |
% Hispanic | 5.4% | 1.9% |
% Asian | 1.8% | -18.2% |
% Foreign Born | 2.9% | -19.4% |
Mortgage and Risk — Cooper, MI
According to HUD data as of 2023, there were 401 mortgage originations in Cooper, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Cooper, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 401 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cooper, MI
Cooper, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $265 | $775 | $1,040 |
| 2 Bedroom | $220 | $1,020 | $1,240 |
| 3 Bedroom | $140 | $1,500 | $1,640 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Cooper, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $219,000 |
| Median Household Income | $72,400 |