Eau Claire, MI—49111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eau Claire, MI
As of Oct '25, the median home price in Eau Claire, MI is $241,000, with a year-over-year change of 1.1%. This indicates that home prices in Eau Claire, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 1.1% |
| Single Family | $243,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 3.7% |
3 Bed | $258,000 | 2.8% |
4 Bed | $311,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eau Claire, MI
Eau Claire, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,480 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Eau Claire, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Eau Claire, MI is 54. This is a decrease of -26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | -10.0% |
Listing Count | 4 | -62.0% |
| Listings as % of Homes | 0.4% | -62.0% |
Days on Market | 54 | -26.0% |
Demographics — Eau Claire, MI
As of the latest ACS Survey released in 2023, Eau Claire, MI has a population of 3,120, which has decreased by -13.6% over the past 5 years. Eau Claire, MI is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,120 | -13.6% |
% Under 18 | 21.1% | -6.2% |
% Seniors | 27.1% | 30.3% |
% WFH | 2.7% | -59.7% |
% w/ College Degree | 19.9% | 10.6% |
As of the latest ACS Survey released in 2023, Eau Claire, MI is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Eau Claire, MI is hispanic, making up 12.5% of the population. Foreign-born residents account for 4.1% of the population in Eau Claire, MI, and this percentage has decreased by 47.4% 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 | 79.8% | -1.5% |
% Black | 3.4% | -2.9% |
% Hispanic | 12.5% | -4.6% |
% Asian | 1.1% | ∞% |
% Foreign Born | 4.1% | -47.4% |
Mortgage and Risk — Eau Claire, MI
According to HUD data as of 2023, there were 37 mortgage originations in Eau Claire, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Eau Claire, MI. Investor activity is low, as 0.0% 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 | 37 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Eau Claire, MI
Eau Claire, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $1,480 | $920 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Eau Claire, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $241,000 |
| Median Household Income | $65,700 |