Bowne Center, MI—49302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowne Center, MI
As of Oct '25, the median home price in Bowne Center, MI is $475,000, with a year-over-year change of 7.0%. This indicates that home prices in Bowne Center, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $475,000 | 7.0% |
| Single Family | $474,000 | 7.0% |
| Condos | $489,000 | 13.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | 7.4% |
3 Bed | $419,000 | 8.0% |
4 Bed | $530,000 | 6.0% |
| 5 Bed | $681,000 | 4.9% |
% of Housing Stock
Rental Trends — Bowne Center, MI
As of July '25, Rentcast reports the average rent in Bowne Center, MI is $1,820, with a year-over-year rent change of -30.0%. Per bedroom, the median rent as of July '25 in Bowne Center, MI is 3-bedrooms: $1,820. The most common rental property sizes in Bowne Center, MI are 2-bedroom and 3-bedroom, accounting for 53.5% and 43.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,820 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bowne Center, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bowne Center, MI is 78. This is a increase of 51.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 8.0% |
Listing Count | 26 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 78 | 51.0% |
Demographics — Bowne Center, MI
As of the latest ACS Survey released in 2023, Bowne Center, MI has a population of 9,660, which has increased by 8.8% over the past 5 years. Bowne Center, MI is a popular place for families, as children make up 30.9% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,660 | 8.8% |
% Under 18 | 30.9% | 7.3% |
% Seniors | 11.0% | -6.0% |
% WFH | 16.3% | 171.7% |
% w/ College Degree | 45.1% | 16.2% |
As of the latest ACS Survey released in 2023, Bowne Center, MI is a predominantly white area, with 95.0% 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 Bowne Center, MI is hispanic, making up 1.8% of the population. Foreign-born residents account for 2.0% of the population in Bowne Center, MI, and this percentage has decreased by 35.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.0% | -0.5% |
% Black | 0.2% | ∞% |
% Hispanic | 1.8% | -47.1% |
% Asian | 1.1% | 450.0% |
% Foreign Born | 2.0% | -35.5% |
Mortgage and Risk — Bowne Center, MI
According to HUD data as of 2023, there were 318 mortgage originations in Bowne Center, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bowne Center, 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 | 318 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bowne Center, MI
Bowne Center, 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 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | $400 | $1,500 | $1,900 |
| 4 Bedroom | N/A | N/A | $2,080 |
Affordability — Bowne Center, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $475,000 |
| Median Household Income | $125,000 |