Waldron, MI—49288
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waldron, MI
As of Oct '25, the median home price in Waldron, MI is $139,000, with a year-over-year change of 4.5%. This indicates that home prices in Waldron, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | 4.5% |
| Single Family | $139,000 | 5.3% |
| 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 | $130,000 | 8.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waldron, MI
Waldron, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $920 | $920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $920 | $920 |
| 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 — Waldron, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Waldron, MI is 55. This is a decrease of -20.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | -25.0% |
Listing Count | 6 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 55 | -20.0% |
Demographics — Waldron, MI
As of the latest ACS Survey released in 2023, Waldron, MI has a population of 1,520, which has increased by 6.5% over the past 5 years. Waldron, MI is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,520 | 6.5% |
% Under 18 | 27.7% | 21.5% |
% Seniors | 14.6% | -9.9% |
% WFH | 3.4% | -45.2% |
% w/ College Degree | 11.7% | 9.3% |
As of the latest ACS Survey released in 2023, Waldron, MI is a predominantly white area, with 96.4% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Waldron, MI is hispanic, making up 0.3% of the population. Foreign-born residents account for 1.1% of the population in Waldron, MI, and this percentage has increased by 83.3% 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 | 96.4% | -0.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.3% | -72.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | 83.3% |
Mortgage and Risk — Waldron, MI
According to HUD data as of 2023, there were 50 mortgage originations in Waldron, MI, of which 76.0% 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 Waldron, MI. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Waldron, MI
Waldron, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | -$110 | $920 | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Waldron, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $139,000 |
| Median Household Income | $55,900 |