Addison, MI—49220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Addison, MI
As of Oct '25, the median home price in Addison, MI is $235,000, with a year-over-year change of -3.0%. This indicates that home prices in Addison, MI are decreasing. 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 | $235,000 | -3.0% |
| Single Family | $238,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 0.0% |
3 Bed | $252,000 | 2.0% |
4 Bed | $303,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Addison, MI
As of July '25, Rentcast reports the average rent in Addison, MI is $770, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Addison, MI is 1-bedrooms: $770. The most common rental property sizes in Addison, MI are 2-bedroom and 3-bedroom, accounting for 46.1% and 42.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $770 | $770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $770 | $770 |
| 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 — Addison, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Addison, MI is 79. This is a decrease of -2.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | -25.0% |
Listing Count | 17 | 200.0% |
| Listings as % of Homes | 0.7% | 200.0% |
Days on Market | 79 | -2.0% |
Demographics — Addison, MI
As of the latest ACS Survey released in 2023, Addison, MI has a population of 2,470, which has increased by 2.3% over the past 5 years. Addison, MI is a popular place for families, as children make up 28.3% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,470 | 2.3% |
% Under 18 | 28.3% | 34.1% |
% Seniors | 20.0% | -6.1% |
% WFH | 10.2% | 27.5% |
% w/ College Degree | 26.7% | 122.5% |
As of the latest ACS Survey released in 2023, Addison, MI is a predominantly white area, with 95.6% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Addison, MI is hispanic, making up 3.1% of the population. Foreign-born residents account for 0.7% of the population in Addison, MI, and this percentage has decreased by 72.0% 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 | 95.6% | 1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.1% | 3.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | -72.0% |
Mortgage and Risk — Addison, MI
According to HUD data as of 2023, there were 62 mortgage originations in Addison, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Addison, MI. Investor activity is low, as 6.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 6.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Addison, MI
Addison, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | -$40 | $770 | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Addison, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $235,000 |
| Median Household Income | $70,700 |