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Onondaga, MI—49264

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$262,000
2.8% YoY Growth
Household Income
$84,400
27.9% YoY Growth
Days on Market
36
174.0% Longer YoY
Home Price Forecast
0.5%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Onondaga, MI

As of May '26, the median home price in Onondaga, MI is $262,000, with a year-over-year change of 2.8%. This indicates that home prices in Onondaga, 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
$262,0002.8%
Single Family $263,0002.7%
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
    		N/AN/A
    3 Bed
    		$293,0003.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.0%
    2 Bedrooms
    10.6%
    3 Bedrooms
    66.7%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    2.5%

    Rental Trends — Onondaga, MI

    Onondaga, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    26.2%
    3 Bedrooms
    73.8%

    Property Listings — Onondaga, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Onondaga, MI is 36. This is a increase of 174.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$241,000-46.0%
    Listing Count
    		6-7.0%
    Listings as % of Homes0.3%-7.0%
    Days on Market
    		36174.0%
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    Demographics — Onondaga, MI

    As of the latest ACS Survey released in 2023, Onondaga, MI has a population of 1,570, which has decreased by -28.0% over the past 5 years. Onondaga, MI is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,570-28.0%
    % Under 18
    		19.0%-32.9%
    % Seniors
    		18.6%38.8%
    % WFH
    		9.7%246.4%
    % w/ College Degree
    		12.6%-22.7%
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    As of the latest ACS Survey released in 2023, Onondaga, MI is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Onondaga, MI is hispanic, making up 5.3% of the population. Foreign-born residents account for 0.3% of the population in Onondaga, 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
    		90.0%-8.1%
    % Black
    		0.7%250.0%
    % Hispanic
    		5.3%231.2%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.3%50.0%
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    Mortgage and Risk — Onondaga, MI

    According to HUD data as of 2023, there were 60 mortgage originations in Onondaga, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Onondaga, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		60
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Onondaga, MI

    Onondaga, 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$820
    2 BedroomN/AN/A$1,000
    3 BedroomN/AN/A$1,310
    4 BedroomN/AN/A$1,460

    Affordability — Onondaga, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$262,000
    Median Household Income$84,400

    Onondaga, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    49277

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    48827

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    49251

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    49284

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    49269

    Frequently Asked Questions