Galien, MI—49113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galien, MI
As of Oct '25, the median home price in Galien, MI is $226,000, with a year-over-year change of 2.1%. This indicates that home prices in Galien, 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 | $226,000 | 2.1% |
| Single Family | $226,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 4.0% |
3 Bed | $235,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Galien, MI
Galien, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Galien, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Galien, MI is 75. This is a increase of 78.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $986,000 | 105.0% |
Listing Count | 8 | 127.0% |
| Listings as % of Homes | 1.0% | 127.0% |
Days on Market | 75 | 78.0% |
Demographics — Galien, MI
As of the latest ACS Survey released in 2023, Galien, MI has a population of 1,760, which has decreased by -2.9% over the past 5 years. Galien, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,760 | -2.9% |
% Under 18 | 18.7% | -3.1% |
% Seniors | 26.7% | 36.2% |
% WFH | 5.1% | 54.5% |
% w/ College Degree | 11.8% | -38.9% |
As of the latest ACS Survey released in 2023, Galien, MI is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Galien, MI is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.4% of the population in Galien, MI, and this percentage has decreased by 36.4% 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 | 91.4% | -4.2% |
% Black | 0.2% | -60.0% |
% Hispanic | 2.0% | 100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -36.4% |
Mortgage and Risk — Galien, MI
According to HUD data as of 2023, there were 27 mortgage originations in Galien, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Galien, MI. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Galien, MI
Galien, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | N/A | N/A | $1,520 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Galien, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $226,000 |
| Median Household Income | $58,300 |