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Hillsdale, MI—49242

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$202,000
9.9% YoY Growth
Household Income
$57,800
34.4% YoY Growth
Days on Market
38
11.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$1,200
39.1% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,200
36.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hillsdale, MI

As of May '26, the median home price in Hillsdale, MI is $202,000, with a year-over-year change of 9.9%. This indicates that home prices in Hillsdale, MI are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$202,0009.9%
Single Family $201,00010.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$158,0009.7%
    3 Bed
    		$218,0009.5%
    4 Bed
    		$253,0009.1%
    5 Bed $288,7549.4%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    11.1%
    2 Bedrooms
    25.2%
    3 Bedrooms
    38.7%
    4 Bedrooms
    17.4%
    5+ Bedrooms
    5.8%

    Rental Trends — Hillsdale, MI

    As of July '25, Rentcast reports the average rent in Hillsdale, MI is $1,170, with a year-over-year rent change of -39.1%. Per bedroom, the median rent as of July '25 in Hillsdale, MI is 3-bedrooms: $1,170. The most common rental property sizes in Hillsdale, MI are 2-bedroom and 1-bedroom, accounting for 35.5% and 28.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,170
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,200$1,170
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    5.8%
    1 Bedroom
    28.6%
    2 Bedrooms
    35.5%
    3 Bedrooms
    19.6%
    4 Bedrooms
    7.6%
    5+ Bedrooms
    2.9%

    Property Listings — Hillsdale, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Hillsdale, MI is 38. This is a increase of 11.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,00010.0%
    Listing Count
    		6316.0%
    Listings as % of Homes0.4%16.0%
    Days on Market
    		3811.0%
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    Demographics — Hillsdale, MI

    As of the latest ACS Survey released in 2023, Hillsdale, MI has a population of 14,800, which has decreased by -1.2% over the past 5 years. Hillsdale, MI is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,800-1.2%
    % Under 18
    		19.4%-7.2%
    % Seniors
    		18.5%0.0%
    % WFH
    		7.5%21.0%
    % w/ College Degree
    		25.2%15.6%
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    As of the latest ACS Survey released in 2023, Hillsdale, MI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Hillsdale, MI is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.1% of the population in Hillsdale, MI, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.5%-4.7%
    % Black
    		1.3%18.2%
    % Hispanic
    		3.6%24.1%
    % Asian
    		0.3%-57.1%
    % Foreign Born
    		2.1%50.0%
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    Mortgage and Risk — Hillsdale, MI

    According to HUD data as of 2023, there were 188 mortgage originations in Hillsdale, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Hillsdale, MI. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		188
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Hillsdale, MI

    Hillsdale, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		360
    Total Units Section 8
    		300
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		91.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$710
    2 BedroomN/AN/A$930
    3 Bedroom-$10$1,200$1,190
    4 BedroomN/AN/A$1,240

    Affordability — Hillsdale, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$202,000
    Median Household Income$57,800

    Hillsdale, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    49266

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    Frequently Asked Questions