Comstock, MI—49048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Comstock, MI
As of Oct '25, the median home price in Comstock, MI is $192,000, with a year-over-year change of 3.2%. This indicates that home prices in Comstock, MI are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 3.2% |
| Single Family | $190,000 | 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 | $145,000 | 1.4% |
3 Bed | $205,000 | 3.0% |
4 Bed | $273,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Comstock, MI
As of July '25, Rentcast reports the average rent in Comstock, MI is $1,280, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Comstock, MI is 1-bedrooms: $797, 2-bedrooms: $1,210, 3-bedrooms: $1,630, 4-bedrooms: $1,650. The most common rental property sizes in Comstock, MI are 2-bedroom and 1-bedroom, accounting for 47.7% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $797 |
| 2 Bed Rent | $1,100 | $1,210 |
| 3 Bed Rent | $1,450 | $1,630 |
| 4 Bed Rent | $1,600 | $1,650 |
% of Rental Stock
Property Listings — Comstock, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Comstock, MI is 29. This is a decrease of -20.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | 16.0% |
Listing Count | 82 | -3.0% |
| Listings as % of Homes | 0.5% | -3.0% |
Days on Market | 29 | -20.0% |
Demographics — Comstock, MI
As of the latest ACS Survey released in 2023, Comstock, MI has a population of 24,000, which has decreased by -4.5% over the past 5 years. Comstock, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | -4.5% |
% Under 18 | 23.5% | 0.0% |
% Seniors | 13.6% | 13.3% |
% WFH | 10.9% | 263.3% |
% w/ College Degree | 25.3% | 15.5% |
As of the latest ACS Survey released in 2023, Comstock, MI is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Comstock, MI is black, making up 19.6% of the population. Foreign-born residents account for 3.7% of the population in Comstock, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.0% | -0.3% |
% Black | 19.6% | -3.9% |
% Hispanic | 6.9% | 43.8% |
% Asian | 1.7% | 6.2% |
% Foreign Born | 3.7% | 0.0% |
Mortgage and Risk — Comstock, MI
According to HUD data as of 2023, there were 447 mortgage originations in Comstock, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Comstock, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 447 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Comstock, MI
As of 2024, the percent of homes in Comstock, MI under the Section 8 program is 18.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Comstock, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 701 |
Total Units Section 8 | 701 |
% Rentals under Section 8 | 18.2% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $850 | $980 |
| 2 Bedroom | $70 | $1,100 | $1,170 |
| 3 Bedroom | $100 | $1,450 | $1,550 |
| 4 Bedroom | $60 | $1,600 | $1,660 |
Affordability — Comstock, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $192,000 |
| Median Household Income | $62,200 |