Springport, MI—49284
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springport, MI
As of Oct '25, the median home price in Springport, MI is $199,000, with a year-over-year change of 2.4%. This indicates that home prices in Springport, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 2.4% |
| Single Family | $199,000 | 2.6% |
| 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 | $214,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springport, MI
As of July '25, Rentcast reports the average rent in Springport, MI is $1,020, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Springport, MI is 1-bedrooms: $884, 3-bedrooms: $1,060. The most common rental property sizes in Springport, MI are 2-bedroom and 3-bedroom, accounting for 35.2% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $884 | $884 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,050 | $1,060 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springport, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Springport, MI is 35. This is a decrease of -25.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | -21.0% |
Listing Count | 13 | 100.0% |
| Listings as % of Homes | 0.8% | 100.0% |
Days on Market | 35 | -25.0% |
Demographics — Springport, MI
As of the latest ACS Survey released in 2023, Springport, MI has a population of 2,440, which has decreased by -22.2% over the past 5 years. Springport, MI is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | -22.2% |
% Under 18 | 19.7% | -15.5% |
% Seniors | 21.8% | 32.9% |
% WFH | 6.8% | 119.4% |
% w/ College Degree | 17.4% | 33.8% |
As of the latest ACS Survey released in 2023, Springport, MI is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Springport, MI is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.1% of the population in Springport, MI, and this percentage has increased by 266.7% 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 | 92.9% | -0.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.7% | -26.1% |
% Asian | 0.5% | ∞% |
% Foreign Born | 1.1% | 266.7% |
Mortgage and Risk — Springport, MI
According to HUD data as of 2023, there were 82 mortgage originations in Springport, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Springport, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Springport, MI
Springport, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $96 | $884 | $980 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | $490 | $1,050 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Springport, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $199,000 |
| Median Household Income | $62,700 |