Pleasant Lake, MI—49272
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pleasant Lake, MI
As of Oct '25, the median home price in Pleasant Lake, MI is $279,000, with a year-over-year change of 2.4%. This indicates that home prices in Pleasant Lake, MI are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 2.4% |
| Single Family | $277,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $299,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pleasant Lake, MI
Pleasant Lake, 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 — Pleasant Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pleasant Lake, MI is 43. This is a increase of 4.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 21.0% |
Listing Count | 11 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 43 | 4.0% |
Demographics — Pleasant Lake, MI
As of the latest ACS Survey released in 2023, Pleasant Lake, MI has a population of 2,670, which has increased by 13.6% over the past 5 years. Pleasant Lake, MI is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,670 | 13.6% |
% Under 18 | 19.9% | 7.6% |
% Seniors | 18.4% | -17.5% |
% WFH | 9.6% | 37.1% |
% w/ College Degree | 27.8% | 19.3% |
As of the latest ACS Survey released in 2023, Pleasant Lake, MI is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Pleasant Lake, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 2.6% of the population in Pleasant Lake, MI, and this percentage has increased by 766.7% 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% | -6.7% |
% Black | 0.5% | -54.5% |
% Hispanic | 4.1% | 583.3% |
% Asian | 1.9% | 533.3% |
% Foreign Born | 2.6% | 766.7% |
Mortgage and Risk — Pleasant Lake, MI
According to HUD data as of 2023, there were 82 mortgage originations in Pleasant Lake, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Pleasant Lake, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Pleasant Lake, MI
Pleasant Lake, 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 | $910 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Pleasant Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $279,000 |
| Median Household Income | $90,200 |