Gunplain, MI—49080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gunplain, MI
As of Oct '25, the median home price in Gunplain, MI is $287,000, with a year-over-year change of 3.9%. This indicates that home prices in Gunplain, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 3.9% |
| Single Family | $287,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 3.8% |
2 Bed | $224,000 | 3.7% |
3 Bed | $277,000 | 3.7% |
4 Bed | $364,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gunplain, MI
As of July '25, Rentcast reports the average rent in Gunplain, MI is $1,440, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Gunplain, MI is 1-bedrooms: $854, 2-bedrooms: $1,160, 3-bedrooms: $1,600. The most common rental property sizes in Gunplain, MI are 2-bedroom and 3-bedroom, accounting for 42.5% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $734 | $854 |
| 2 Bed Rent | $588 | $1,160 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gunplain, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gunplain, MI is 51. This is a increase of 11.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 19.0% |
Listing Count | 51 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 51 | 11.0% |
Demographics — Gunplain, MI
As of the latest ACS Survey released in 2023, Gunplain, MI has a population of 15,400, which has decreased by -5.0% over the past 5 years. Gunplain, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -5.0% |
% Under 18 | 21.3% | -12.0% |
% Seniors | 19.8% | 17.9% |
% WFH | 7.7% | 102.6% |
% w/ College Degree | 28.5% | 10.9% |
As of the latest ACS Survey released in 2023, Gunplain, MI is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Gunplain, MI is hispanic, making up 6.7% of the population. Foreign-born residents account for 1.0% of the population in Gunplain, MI, and this percentage has increased by 25.0% 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 | 87.9% | -6.4% |
% Black | 1.4% | 133.3% |
% Hispanic | 6.7% | 235.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 1.0% | 25.0% |
Mortgage and Risk — Gunplain, MI
According to HUD data as of 2023, there were 307 mortgage originations in Gunplain, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Gunplain, MI. Investor activity is low, as 2.0% 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 | 307 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Gunplain, MI
Gunplain, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $66 | $734 | $800 |
| 2 Bedroom | $412 | $588 | $1,000 |
| 3 Bedroom | -$300 | $1,600 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Gunplain, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $287,000 |
| Median Household Income | $75,200 |