Saint Joseph, MI—49085
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Joseph, MI
As of Oct '25, the median home price in Saint Joseph, MI is $322,000, with a year-over-year change of 1.4%. This indicates that home prices in Saint Joseph, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 1.4% |
| Single Family | $321,000 | 1.3% |
| Condos | $332,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $214,000 | 7.0% |
2 Bed | $246,000 | 0.8% |
3 Bed | $301,000 | 1.7% |
4 Bed | $412,000 | 1.5% |
| 5 Bed | $570,000 | 0.9% |
% of Housing Stock
Rental Trends — Saint Joseph, MI
As of July '25, Rentcast reports the average rent in Saint Joseph, MI is $2,260, with a year-over-year rent change of 16.5%. Per bedroom, the median rent as of July '25 in Saint Joseph, MI is 1-bedrooms: $1,380, 2-bedrooms: $1,850, 3-bedrooms: $2,480, 4-bedrooms: $3,410. The most common rental property sizes in Saint Joseph, MI are 1-bedroom and 2-bedroom, accounting for 41.5% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,380 |
| 2 Bed Rent | $1,800 | $1,850 |
| 3 Bed Rent | $2,000 | $2,480 |
| 4 Bed Rent | $3,800 | $3,410 |
% of Rental Stock
Property Listings — Saint Joseph, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Joseph, MI is 55. This is a decrease of -10.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $383,000 | -14.0% |
Listing Count | 122 | -7.0% |
| Listings as % of Homes | 0.6% | -7.0% |
Days on Market | 55 | -10.0% |
Demographics — Saint Joseph, MI
As of the latest ACS Survey released in 2023, Saint Joseph, MI has a population of 23,600, which has remained stable by -0.6% over the past 5 years. Saint Joseph, MI is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 48.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | -0.6% |
% Under 18 | 19.1% | 0.5% |
% Seniors | 23.4% | 12.5% |
% WFH | 14.0% | 225.6% |
% w/ College Degree | 48.6% | 1.0% |
As of the latest ACS Survey released in 2023, Saint Joseph, MI is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Saint Joseph, MI is asian, making up 4.2% of the population. Foreign-born residents account for 8.0% of the population in Saint Joseph, MI, and this percentage has decreased by 3.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.4% | -2.0% |
% Black | 2.6% | 18.2% |
% Hispanic | 2.7% | -6.9% |
% Asian | 4.2% | -19.2% |
% Foreign Born | 8.0% | -3.6% |
Mortgage and Risk — Saint Joseph, MI
According to HUD data as of 2023, there were 645 mortgage originations in Saint Joseph, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Saint Joseph, 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 | 645 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Saint Joseph, MI
As of 2024, the percent of homes in Saint Joseph, MI under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Saint Joseph, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 256 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,200 | $1,000 |
| 2 Bedroom | -$490 | $1,800 | $1,310 |
| 3 Bedroom | -$310 | $2,000 | $1,690 |
| 4 Bedroom | -$2,060 | $3,800 | $1,740 |
Affordability — Saint Joseph, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $322,000 |
| Median Household Income | $102,000 |