Paw Paw, MI—49079
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paw Paw, MI
Paw Paw, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -2.0% |
| Single Family | $266,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | -0.5% |
3 Bed | $270,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Paw Paw, MI
As of July '25, Rentcast reports the average rent in Paw Paw, MI is $1,770, with a year-over-year rent change of 31.1%. Per bedroom, the median rent as of July '25 in Paw Paw, MI is 2-bedrooms: $1,040, 3-bedrooms: $1,620, 4-bedrooms: $2,300. The most common rental property sizes in Paw Paw, MI are 2-bedroom and 3-bedroom, accounting for 42.8% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,040 |
| 3 Bed Rent | $1,620 | $1,620 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Paw Paw, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Paw Paw, MI is 61. This is a increase of 10.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 4.0% |
Listing Count | 48 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 61 | 10.0% |
Demographics — Paw Paw, MI
As of the latest ACS Survey released in 2023, Paw Paw, MI has a population of 13,400, which has increased by 2.6% over the past 5 years. Paw Paw, MI is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,400 | 2.6% |
% Under 18 | 23.2% | 13.7% |
% Seniors | 16.2% | -5.3% |
% WFH | 9.2% | 318.2% |
% w/ College Degree | 24.5% | 10.9% |
As of the latest ACS Survey released in 2023, Paw Paw, MI is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Paw Paw, MI is hispanic, making up 7.6% of the population. Foreign-born residents account for 2.6% of the population in Paw Paw, MI, and this percentage has increased by 18.2% 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 | 84.9% | -7.3% |
% Black | 2.1% | 425.0% |
% Hispanic | 7.6% | 58.3% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 2.6% | 18.2% |
Mortgage and Risk — Paw Paw, MI
According to HUD data as of 2023, there were 224 mortgage originations in Paw Paw, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Paw Paw, MI. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 224 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Paw Paw, MI
Paw Paw, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $5 | $995 | $1,000 |
| 3 Bedroom | -$320 | $1,620 | $1,300 |
| 4 Bedroom | -$970 | $2,300 | $1,330 |
Affordability — Paw Paw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $266,000 |
| Median Household Income | $72,100 |