Dowagiac, MI 49047 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Dowagiac, MI—49047

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$208,000

2.0% YoY Growth

Household Income

$55,500

22.7% YoY Growth

Days on Market

107

51.0% Longer YoY

Home Price Forecast

3.9%

Median Rent

$800

11.2% YoY Growth

1-Bed Rent

$800

39.4% YoY Growth

2-Bed Rent

$800

6.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Dowagiac, MI

As of Dec '25, the median home price in Dowagiac, MI is $208,000, with a year-over-year change of 2.0%. This indicates that home prices in Dowagiac, MI are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$208,000	2.0%
Single Family	$208,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Dowagiac, MI

As of July '25, Rentcast reports the average rent in Dowagiac, MI is $888, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Dowagiac, MI is 1-bedrooms: $931, 2-bedrooms: $800. The most common rental property sizes in Dowagiac, MI are 2-bedroom and 3-bedroom, accounting for 41.2% and 26.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$800	$888
Studio Rent	N/A	N/A
1 Bed Rent	$800	$931
2 Bed Rent	$800	$800
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

6.4%

1 Bedroom

23.4%

2 Bedrooms

41.2%

3 Bedrooms

26.7%

4 Bedrooms

1.5%

5+ Bedrooms

0.8%

Property Listings — Dowagiac, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Dowagiac, MI is 90. This is a increase of 48.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$288,000	-4.0%
Listing Count	64	-1.0%
Listings as % of Homes	0.6%	-1.0%
Days on Market	107	51.0%

Loading chart...

Demographics — Dowagiac, MI

As of the latest ACS Survey released in 2023, Dowagiac, MI has a population of 14,500, which has decreased by -1.3% over the past 5 years. Dowagiac, MI is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,500	-1.3%
% Under 18	19.5%	-6.7%
% Seniors	21.7%	7.4%
% WFH	4.8%	37.1%
% w/ College Degree	21.2%	35.9%

Loading chart...

As of the latest ACS Survey released in 2023, Dowagiac, MI is a predominantly white area, with 80.9% of the population identifying as white. The white population has grown by 6.2% in the last 5 years. The second most common race or ethnicity in Dowagiac, MI is hispanic, making up 7.2% of the population. Foreign-born residents account for 2.6% of the population in Dowagiac, MI, and this percentage has increased by 4.0% 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	80.9%	6.2%
% Black	5.8%	-20.5%
% Hispanic	7.2%	-7.7%
% Asian	0.2%	-60.0%
% Foreign Born	2.6%	4.0%

Loading chart...

Mortgage and Risk — Dowagiac, MI

According to HUD data as of 2023, there were 252 mortgage originations in Dowagiac, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Dowagiac, MI. Investor activity is low, as 4.0% 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	252
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	4.0%
% Second Loans	10.0%
% Cash Out Refinance	17.0%

Loading chart...

Rentals and Section 8 — Dowagiac, MI

Dowagiac, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	332
Total Units Section 8	246
% Rentals under Section 8	14.6%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$800	$830
2 Bedroom	$160	$800	$960
3 Bedroom	N/A	N/A	$1,230
4 Bedroom	N/A	N/A	$1,530

Dowagiac, MI—49047

Key Metrics at a Glance

Home Price Trends — Dowagiac, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dowagiac, MI

% of Rental Stock

Property Listings — Dowagiac, MI

Demographics — Dowagiac, MI

Race and Ethnicity

Mortgage and Risk — Dowagiac, MI

Mortgages

Rentals and Section 8 — Dowagiac, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Dowagiac, MI

Home Price to Income Ratio

Dowagiac, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Berrien Center, MI

Decatur, MI

Eau Claire, MI

Cassopolis, MI

Hartford, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$208,000
Median Household Income	$55,500

Dowagiac, MI—49047

Key Metrics at a Glance

Home Price Trends — Dowagiac, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dowagiac, MI

% of Rental Stock

Property Listings — Dowagiac, MI

Demographics — Dowagiac, MI

Race and Ethnicity

Mortgage and Risk — Dowagiac, MI

Mortgages

Rentals and Section 8 — Dowagiac, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Dowagiac, MI

Home Price to Income Ratio

Dowagiac, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Berrien Center, MI

Decatur, MI

Eau Claire, MI

Cassopolis, MI

Hartford, MI

Frequently Asked Questions

What is the average home price in Dowagiac, MI 49047?

How have home prices in Dowagiac, MI 49047 changed over the past year?

What is the home price projection for Dowagiac, MI 49047?

What are the demographics of Dowagiac, MI 49047?

How long does it take homes to sell in Dowagiac, MI 49047?

What is the average rent price in Dowagiac, MI 49047?