Ada, MI 49301 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ada, MI—49301

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$667,000

4.9% YoY Growth

Household Income

$173,000

35.9% YoY Growth

Days on Market

41.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$2,540

10.2% YoY Growth

1-Bed Rent

$1,870

4.3% YoY Growth

2-Bed Rent

$2,540

13.4% YoY Growth

3-Bed Rent

$2,450

30.3% YoY Growth

Home Price Trends — Ada, MI

As of May '26, the median home price in Ada, MI is $667,000, with a year-over-year change of 4.9%. This indicates that home prices in Ada, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$667,000	4.9%
Single Family	$671,000	4.5%
Condos	$650,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ada, MI

As of July '25, Rentcast reports the average rent in Ada, MI is $2,600, with a year-over-year rent change of 10.2%. Per bedroom, the median rent as of July '25 in Ada, MI is 1-bedrooms: $1,940, 2-bedrooms: $2,630, 3-bedrooms: $2,450, 4-bedrooms: $2,750. The most common rental property sizes in Ada, MI are 3-bedroom and 2-bedroom, accounting for 34.9% and 20.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,540	$2,600
Studio Rent	N/A	N/A
1 Bed Rent	$1,870	$1,940
2 Bed Rent	$2,540	$2,630
3 Bed Rent	$2,450	$2,450
4 Bed Rent	$2,800	$2,750

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% of Rental Stock

1 Bedroom

16.5%

2 Bedrooms

20.3%

3 Bedrooms

34.9%

4 Bedrooms

18.4%

5+ Bedrooms

10.0%

Property Listings — Ada, MI

As of May '26, Realtor.com reports that the median days on market for a home in Ada, MI is 27. This is a decrease of -41.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$865,000	5.0%
Listing Count	60	-19.0%
Listings as % of Homes	0.6%	-19.0%
Days on Market	27	-41.0%

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Demographics — Ada, MI

As of the latest ACS Survey released in 2023, Ada, MI has a population of 20,500, which has remained stable by 0.5% over the past 5 years. Ada, MI is a popular place for families, as children make up 26.8% of the population. The area has a highly educated workforce, with 70.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,500	0.5%
% Under 18	26.8%	-5.0%
% Seniors	15.1%	19.8%
% WFH	18.3%	112.8%
% w/ College Degree	70.1%	6.1%

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As of the latest ACS Survey released in 2023, Ada, MI is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Ada, MI is hispanic, making up 5.5% of the population. Foreign-born residents account for 5.3% of the population in Ada, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.7%	-5.5%
% Black	0.7%	-50.0%
% Hispanic	5.5%	161.9%
% Asian	4.2%	-10.6%
% Foreign Born	5.3%	0.0%

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Mortgage and Risk — Ada, MI

According to HUD data as of 2023, there were 476 mortgage originations in Ada, MI, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Ada, MI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	476
% Conventional Loans	99.0%
% Government Loans	1.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Ada, MI

Ada, 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	-$60	$1,870	$1,810
2 Bedroom	-$380	$2,540	$2,160
3 Bedroom	$360	$2,450	$2,810
4 Bedroom	$280	$2,800	$3,080

Ada, MI—49301

Key Metrics at a Glance

Home Price Trends — Ada, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ada, MI

% of Rental Stock

Property Listings — Ada, MI

Demographics — Ada, MI

Race and Ethnicity

Mortgage and Risk — Ada, MI

Mortgages

Rentals and Section 8 — Ada, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Ada, MI

Home Price to Income Ratio

Ada, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kentwood, MI

Kentwood, MI

Grand Rapids, MI

Lowell, MI

Belmont, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$667,000
Median Household Income	$173,000

Ada, MI—49301

Key Metrics at a Glance

Home Price Trends — Ada, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ada, MI

% of Rental Stock

Property Listings — Ada, MI

Demographics — Ada, MI

Race and Ethnicity

Mortgage and Risk — Ada, MI

Mortgages

Rentals and Section 8 — Ada, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Ada, MI

Home Price to Income Ratio

Ada, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kentwood, MI

Kentwood, MI

Grand Rapids, MI

Lowell, MI

Belmont, MI

Frequently Asked Questions

What is the average home price in Ada, MI 49301?

How have home prices in Ada, MI 49301 changed over the past year?

What is the home price projection for Ada, MI 49301?

What are the demographics of Ada, MI 49301?

How long does it take homes to sell in Ada, MI 49301?

What is the average rent price in Ada, MI 49301?