Climax, MI—49034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Climax, MI
As of Oct '25, the median home price in Climax, MI is $253,000, with a year-over-year change of 3.4%. This indicates that home prices in Climax, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | 3.4% |
| Single Family | $253,000 | 3.7% |
| 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 | $262,000 | 3.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Climax, MI
Climax, 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 — Climax, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Climax, MI is 48. This is a decrease of -10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 25.0% |
Listing Count | 2 | -36.0% |
| Listings as % of Homes | 0.2% | -36.0% |
Days on Market | 48 | -10.0% |
Demographics — Climax, MI
As of the latest ACS Survey released in 2023, Climax, MI has a population of 2,070, which has decreased by -24.7% over the past 5 years. Climax, MI is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,070 | -24.7% |
% Under 18 | 22.6% | -7.0% |
% Seniors | 20.3% | 2.5% |
% WFH | 8.9% | 394.4% |
% w/ College Degree | 21.4% | 2.4% |
As of the latest ACS Survey released in 2023, Climax, MI is a predominantly white area, with 95.6% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Climax, MI is asian, making up 0.8% of the population. Foreign-born residents account for 1.2% of the population in Climax, MI, and this percentage has increased by 9.1% 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 | 95.6% | 0.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.7% | -70.8% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.2% | 9.1% |
Mortgage and Risk — Climax, MI
According to HUD data as of 2023, there were 59 mortgage originations in Climax, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Climax, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Climax, MI
Climax, 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 | $900 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Climax, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $253,000 |
| Median Household Income | $73,900 |