Bridgman, MI—49106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bridgman, MI
As of Oct '25, the median home price in Bridgman, MI is $327,000, with a year-over-year change of 1.9%. This indicates that home prices in Bridgman, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 2.0% |
| Single Family | $324,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 0.0% |
3 Bed | $314,000 | 1.9% |
4 Bed | $436,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bridgman, MI
As of July '25, Rentcast reports the average rent in Bridgman, MI is $1,430, with a year-over-year rent change of -16.4%. Per bedroom, the median rent as of July '25 in Bridgman, MI is 1-bedrooms: $850, 2-bedrooms: $1,200, 4-bedrooms: $2,250. The most common rental property sizes in Bridgman, MI are 2-bedroom and 3-bedroom, accounting for 38.7% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Bridgman, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bridgman, MI is 56. This is a increase of 7.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $492,000 | 41.0% |
Listing Count | 31 | 37.0% |
| Listings as % of Homes | 0.4% | 37.0% |
Days on Market | 56 | 7.0% |
Demographics — Bridgman, MI
As of the latest ACS Survey released in 2023, Bridgman, MI has a population of 5,090, which has increased by 3.5% over the past 5 years. Bridgman, MI is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,090 | 3.5% |
% Under 18 | 21.8% | 46.3% |
% Seniors | 23.4% | -18.7% |
% WFH | 7.6% | 130.3% |
% w/ College Degree | 29.9% | 1.7% |
As of the latest ACS Survey released in 2023, Bridgman, MI is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Bridgman, MI is hispanic, making up 5.9% of the population. Foreign-born residents account for 4.2% of the population in Bridgman, MI, and this percentage has increased by 44.8% 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 | 88.3% | -6.5% |
% Black | 1.4% | -12.5% |
% Hispanic | 5.9% | 210.5% |
% Asian | 0.5% | -64.3% |
% Foreign Born | 4.2% | 44.8% |
Mortgage and Risk — Bridgman, MI
According to HUD data as of 2023, there were 119 mortgage originations in Bridgman, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Bridgman, 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 | 119 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bridgman, MI
Bridgman, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $850 | $990 |
| 2 Bedroom | $100 | $1,200 | $1,300 |
| 3 Bedroom | N/A | N/A | $1,680 |
| 4 Bedroom | -$530 | $2,250 | $1,720 |
Affordability — Bridgman, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $327,000 |
| Median Household Income | $75,100 |