Bitely, MI—49309
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bitely, MI
Bitely, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | 1.4% |
| Single Family | $159,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 4.8% |
3 Bed | $222,000 | 4.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bitely, MI
As of July '25, Rentcast reports the average rent in Bitely, MI is $2,150, with a year-over-year rent change of -28.3%. Per bedroom, the median rent as of July '25 in Bitely, MI is 2-bedrooms: $2,150. The most common rental property sizes in Bitely, MI are 2-bedroom and 3-bedroom, accounting for 61.2% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,150 | $2,150 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bitely, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bitely, MI is 86. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 3.0% |
Listing Count | 24 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 86 | 17.0% |
Demographics — Bitely, MI
As of the latest ACS Survey released in 2023, Bitely, MI has a population of 1,610, which has increased by 2.6% over the past 5 years. Bitely, MI is a less popular place for families, as children make up 11.2% of the population. The area has a poorly educated workforce, with 13.3% 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 | 1,610 | 2.6% |
% Under 18 | 11.2% | -20.0% |
% Seniors | 31.0% | 14.8% |
% WFH | 6.8% | 126.7% |
% w/ College Degree | 13.3% | 47.8% |
As of the latest ACS Survey released in 2023, Bitely, MI is a predominantly white area, with 88.6% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Bitely, MI is black, making up 3.7% of the population. Foreign-born residents account for 0.5% of the population in Bitely, MI, and this percentage has decreased by 61.5% 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 | 88.6% | 0.3% |
% Black | 3.7% | -37.3% |
% Hispanic | 1.8% | -33.3% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 0.5% | -61.5% |
Mortgage and Risk — Bitely, MI
According to HUD data as of 2023, there were 110 mortgage originations in Bitely, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Bitely, MI. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Bitely, MI
Bitely, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% 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 | N/A | N/A | $710 |
| 2 Bedroom | -$1,220 | $2,150 | $930 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Bitely, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $158,000 |
| Median Household Income | $43,000 |