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Michigan Center, MI—49254

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$205,000
2.6% YoY Growth
Household Income
$73,800
53.6% YoY Growth
Days on Market
26
26.0% Shorter YoY
Home Price Forecast
0.0%
Median Rent
$1,100
8.0% YoY Growth
1-Bed Rent
$1,100
0.0% YoY Growth
2-Bed Rent
$1,200
9.7% YoY Growth
3-Bed Rent
$2,000
9.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Michigan Center, MI

As of May '26, the median home price in Michigan Center, MI is $205,000, with a year-over-year change of 2.6%. This indicates that home prices in Michigan Center, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$205,0002.6%
Single Family $205,0002.0%
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
    		$172,0001.2%
    3 Bed
    		$222,0002.3%
    4 Bed
    		$257,0002.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    8.6%
    2 Bedrooms
    43.2%
    3 Bedrooms
    35.8%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    0.5%

    Rental Trends — Michigan Center, MI

    As of July '25, Rentcast reports the average rent in Michigan Center, MI is $1,270, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Michigan Center, MI is 1-bedrooms: $1,100, 2-bedrooms: $1,130, 3-bedrooms: $2,000. The most common rental property sizes in Michigan Center, MI are 3-bedroom and 2-bedroom, accounting for 59.7% and 17.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,270
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,100
    2 Bed Rent $1,200$1,130
    3 Bed Rent $2,000$2,000
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    3.4%
    1 Bedroom
    10.2%
    2 Bedrooms
    17.4%
    3 Bedrooms
    59.7%
    4 Bedrooms
    9.3%

    Property Listings — Michigan Center, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Michigan Center, MI is 26. 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$330,0005.0%
    Listing Count
    		8-29.0%
    Listings as % of Homes0.4%-29.0%
    Days on Market
    		26-26.0%
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    Demographics — Michigan Center, MI

    As of the latest ACS Survey released in 2023, Michigan Center, MI has a population of 3,620, which has increased by 32.5% over the past 5 years. Michigan Center, MI is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,62032.5%
    % Under 18
    		21.0%16.0%
    % Seniors
    		15.4%-32.2%
    % WFH
    		9.0%200.0%
    % w/ College Degree
    		22.4%16.1%
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    As of the latest ACS Survey released in 2023, Michigan Center, MI is a predominantly white area, with 92.0% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Michigan Center, MI is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.2% of the population in Michigan Center, MI, and this percentage has decreased by 85.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.0%3.3%
    % Black
    		0.7%-58.8%
    % Hispanic
    		3.0%-47.4%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.2%-85.7%
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    Mortgage and Risk — Michigan Center, MI

    According to HUD data as of 2023, there were 81 mortgage originations in Michigan Center, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Michigan Center, MI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		81
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Michigan Center, MI

    Michigan Center, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		5
    Total Units Section 8
    		5
    % Rentals under Section 8
    		2.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$200$1,100$900
    2 Bedroom-$100$1,200$1,100
    3 Bedroom-$540$2,000$1,460
    4 BedroomN/AN/A$1,630

    Affordability — Michigan Center, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$205,000
    Median Household Income$73,800

    Michigan Center, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Jackson, MI

    49201

    Jackson, MI

    49203

    Jackson, MI

    49202

    Napoleon

    49261

    Clarklake, MI

    49234

    Frequently Asked Questions