Oronoko, MI—49103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oronoko, MI
As of Oct '25, the median home price in Oronoko, MI is $279,000, with a year-over-year change of 1.9%. This indicates that home prices in Oronoko, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 2.0% |
| Single Family | $279,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 1.6% |
3 Bed | $258,000 | 2.4% |
4 Bed | $325,000 | 2.5% |
| 5 Bed | $347,000 | 1.5% |
% of Housing Stock
Rental Trends — Oronoko, MI
As of July '25, Rentcast reports the average rent in Oronoko, MI is $1,500, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Oronoko, MI is 1-bedrooms: $925, 2-bedrooms: $1,250, 3-bedrooms: $1,670, 4-bedrooms: $2,950. The most common rental property sizes in Oronoko, MI are 2-bedroom and 1-bedroom, accounting for 45.5% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | $1,160 | $1,250 |
| 3 Bed Rent | $1,500 | $1,670 |
| 4 Bed Rent | $2,950 | $2,950 |
% of Rental Stock
Property Listings — Oronoko, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Oronoko, MI is 57. This is a increase of 4.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | -9.0% |
Listing Count | 37 | -17.0% |
| Listings as % of Homes | 0.6% | -17.0% |
Days on Market | 57 | 4.0% |
Demographics — Oronoko, MI
As of the latest ACS Survey released in 2023, Oronoko, MI has a population of 11,300, which has increased by 6.1% over the past 5 years. Oronoko, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 52.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 6.1% |
% Under 18 | 18.7% | -2.1% |
% Seniors | 16.4% | 0.6% |
% WFH | 13.6% | 61.9% |
% w/ College Degree | 52.4% | 13.7% |
As of the latest ACS Survey released in 2023, Oronoko, MI is a predominantly white area, with 59.3% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Oronoko, MI is hispanic, making up 15.4% of the population. Foreign-born residents account for 19.5% of the population in Oronoko, MI, and this percentage has decreased by 25.3% 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 | 59.3% | 3.7% |
% Black | 11.5% | -36.5% |
% Hispanic | 15.4% | 14.9% |
% Asian | 6.4% | -12.3% |
% Foreign Born | 19.5% | -25.3% |
Mortgage and Risk — Oronoko, MI
According to HUD data as of 2023, there were 241 mortgage originations in Oronoko, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Oronoko, MI. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Oronoko, MI
As of 2024, the percent of homes in Oronoko, MI under the Section 8 program is 5.6%. 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 Oronoko, 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 | 86 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $925 | $850 |
| 2 Bedroom | -$50 | $1,160 | $1,110 |
| 3 Bedroom | -$70 | $1,500 | $1,430 |
| 4 Bedroom | -$1,480 | $2,950 | $1,470 |
Affordability — Oronoko, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $279,000 |
| Median Household Income | $61,900 |