Ada, MI—49301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ada, MI
As of Oct '25, the median home price in Ada, MI is $626,000, with a year-over-year change of 5.1%. This indicates that home prices in Ada, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $626,000 | 5.1% |
| Single Family | $629,000 | 5.4% |
| Condos | $611,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $430,000 | 6.2% |
3 Bed | $493,000 | 7.2% |
4 Bed | $657,000 | 5.1% |
| 5 Bed | $841,000 | 4.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ada, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ada, MI is 38. This is a decrease of -9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $740,000 | 1.0% |
Listing Count | 68 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 38 | -9.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ada, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $626,000 |
| Median Household Income | $173,000 |