Comstock, MI 49048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Comstock, MI—49048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$191,000

3.2% YoY Growth

Household Income

$62,200

39.4% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,100

0.8% YoY Growth

1-Bed Rent

$850

6.0% YoY Growth

2-Bed Rent

$1,100

2.4% YoY Growth

3-Bed Rent

$1,450

14.8% YoY Growth

Home Price Trends — Comstock, MI

As of Dec '25, the median home price in Comstock, MI is $191,000, 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 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$191,000	3.2%
Single Family	$189,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.2%

1 Bedroom

32.9%

2 Bedrooms

47.7%

3 Bedrooms

14.9%

4 Bedrooms

2.9%

5+ Bedrooms

0.4%

Property Listings — Comstock, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Comstock, MI is 39. This is a decrease of -28.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$196,000	14.0%
Listing Count	73	-3.0%
Listings as % of Homes	0.5%	-3.0%
Days on Market	51	-20.0%

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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%

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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%

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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%

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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

Comstock, MI—49048

Key Metrics at a Glance

Home Price Trends — Comstock, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Comstock, MI

% of Rental Stock

Property Listings — Comstock, MI

Demographics — Comstock, MI

Race and Ethnicity

Mortgage and Risk — Comstock, MI

Mortgages

Rentals and Section 8 — Comstock, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Comstock, MI

Home Price to Income Ratio

Comstock, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Comstock Northwest

Kalamazoo, MI

Greater Galesburg, MI

Kalamazoo, MI

Portage, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$191,000
Median Household Income	$62,200

Comstock, MI—49048

Key Metrics at a Glance

Home Price Trends — Comstock, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Comstock, MI

% of Rental Stock

Property Listings — Comstock, MI

Demographics — Comstock, MI

Race and Ethnicity

Mortgage and Risk — Comstock, MI

Mortgages

Rentals and Section 8 — Comstock, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Comstock, MI

Home Price to Income Ratio

Comstock, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Comstock Northwest

Kalamazoo, MI

Greater Galesburg, MI

Kalamazoo, MI

Portage, MI

Frequently Asked Questions

What is the average home price in Comstock, MI 49048?

How have home prices in Comstock, MI 49048 changed over the past year?

What is the home price projection for Comstock, MI 49048?

What are the demographics of Comstock, MI 49048?

How long does it take homes to sell in Comstock, MI 49048?

What is the average rent price in Comstock, MI 49048?