Burr Oak, MI—49030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burr Oak, MI
As of Oct '25, the median home price in Burr Oak, MI is $190,000, with a year-over-year change of 2.6%. This indicates that home prices in Burr Oak, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | 2.6% |
| Single Family | $190,000 | 2.7% |
| 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 | $198,000 | 2.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burr Oak, MI
Burr Oak, 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 — Burr Oak, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Burr Oak, MI is 79. This is a increase of 197.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 239.0% |
Listing Count | 4 | 267.0% |
| Listings as % of Homes | 0.6% | 267.0% |
Days on Market | 79 | 197.0% |
Demographics — Burr Oak, MI
As of the latest ACS Survey released in 2023, Burr Oak, MI has a population of 2,440, which has remained stable by -0.2% over the past 5 years. Burr Oak, MI is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 4.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | -0.2% |
% Under 18 | 28.6% | -18.5% |
% Seniors | 11.3% | -17.5% |
% WFH | 8.3% | 937.5% |
% w/ College Degree | 4.6% | -58.6% |
As of the latest ACS Survey released in 2023, Burr Oak, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Burr Oak, MI is hispanic, making up 7.1% of the population. Foreign-born residents account for 3.9% of the population in Burr Oak, MI, and this percentage has increased by 95.0% 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 | 89.3% | -2.5% |
% Black | 0.9% | -18.2% |
% Hispanic | 7.1% | 57.8% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 3.9% | 95.0% |
Mortgage and Risk — Burr Oak, MI
According to HUD data as of 2023, there were 64 mortgage originations in Burr Oak, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Burr Oak, MI. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Burr Oak, MI
Burr Oak, 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 | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Burr Oak, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $190,000 |
| Median Household Income | $64,500 |