Athens, MI—49011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Athens, MI
As of Oct '25, the median home price in Athens, MI is $198,000, with a year-over-year change of -1.2%. This indicates that home prices in Athens, MI are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | -1.2% |
| Single Family | $198,000 | -1.5% |
| 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 | $208,000 | 5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Athens, MI
As of July '25, Rentcast reports the average rent in Athens, MI is $835, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Athens, MI is 1-bedrooms: $765, 2-bedrooms: $870. The most common rental property sizes in Athens, MI are 2-bedroom and 3-bedroom, accounting for 46.3% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $835 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $765 | $765 |
| 2 Bed Rent | $850 | $870 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Athens, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Athens, MI is 57. This is a increase of 53.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | -1.0% |
Listing Count | 7 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 57 | 53.0% |
Demographics — Athens, MI
As of the latest ACS Survey released in 2023, Athens, MI has a population of 2,240, which has remained stable by -0.4% over the past 5 years. Athens, MI is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,240 | -0.4% |
% Under 18 | 16.7% | -34.0% |
% Seniors | 20.5% | 4.1% |
% WFH | 10.5% | 169.2% |
% w/ College Degree | 13.4% | -0.7% |
As of the latest ACS Survey released in 2023, Athens, MI is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Athens, MI is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.3% of the population in Athens, MI, and this percentage has increased by 1200.0% 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 | 92.0% | -2.1% |
% Black | 0.3% | -80.0% |
% Hispanic | 1.9% | -32.1% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.3% | 1,200.0% |
Mortgage and Risk — Athens, MI
According to HUD data as of 2023, there were 81 mortgage originations in Athens, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Athens, MI. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Athens, MI
Athens, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $135 | $765 | $900 |
| 2 Bedroom | $240 | $850 | $1,090 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Athens, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $198,000 |
| Median Household Income | $54,900 |