Onondaga, MI—49264
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Onondaga, MI
As of Oct '25, the median home price in Onondaga, MI is $253,000, with a year-over-year change of 7.8%. This indicates that home prices in Onondaga, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | 7.8% |
| Single Family | $253,000 | 7.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $284,000 | 6.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Onondaga, MI
Onondaga, 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 — Onondaga, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Onondaga, MI is 39. This is a increase of 17.0% 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 | $306,000 | -17.0% |
Listing Count | 6 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 39 | 17.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Onondaga, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $253,000 |
| Median Household Income | $84,400 |