Gaines, MI 49316 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gaines, MI—49316

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$420,000

4.5% YoY Growth

Household Income

$102,000

19.9% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$2,420

1.2% YoY Growth

1-Bed Rent

$1,750

N/A

2-Bed Rent

$2,180

5.3% YoY Growth

3-Bed Rent

$2,500

13.5% YoY Growth

Other Zip Codes in Gaines, MI

48436

Home Price Trends — Gaines, MI

As of Dec '25, the median home price in Gaines, MI is $420,000, with a year-over-year change of 4.5%. This indicates that home prices in Gaines, 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	$420,000	4.5%
Single Family	$442,000	4.2%
Condos	$354,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gaines, MI

As of July '25, Rentcast reports the average rent in Gaines, MI is $2,400, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Gaines, MI is 1-bedrooms: $1,750, 2-bedrooms: $2,140, 3-bedrooms: $2,600, 4-bedrooms: $2,700. The most common rental property sizes in Gaines, MI are 1-bedroom and 3-bedroom, accounting for 43.3% and 34.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,420	$2,400
Studio Rent	N/A	N/A
1 Bed Rent	$1,750	$1,750
2 Bed Rent	$2,180	$2,140
3 Bed Rent	$2,500	$2,600
4 Bed Rent	$2,650	$2,700

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% of Rental Stock

Studio

0.7%

1 Bedroom

43.3%

2 Bedrooms

16.2%

3 Bedrooms

34.2%

4 Bedrooms

5.6%

Property Listings — Gaines, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Gaines, MI is 38. This is a increase of 6.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$525,000	10.0%
Listing Count	74	14.0%
Listings as % of Homes	0.7%	14.0%
Days on Market	53	-1.0%

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Demographics — Gaines, MI

As of the latest ACS Survey released in 2023, Gaines, MI has a population of 26,100, which has increased by 12.6% over the past 5 years. Gaines, MI is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,100	12.6%
% Under 18	25.2%	-11.6%
% Seniors	15.7%	22.7%
% WFH	13.3%	232.5%
% w/ College Degree	44.9%	11.4%

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As of the latest ACS Survey released in 2023, Gaines, MI is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Gaines, MI is hispanic, making up 6.6% of the population. Foreign-born residents account for 7.0% of the population in Gaines, MI, and this percentage has increased by 6.1% 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	82.1%	-6.4%
% Black	2.1%	-19.2%
% Hispanic	6.6%	94.1%
% Asian	5.5%	37.5%
% Foreign Born	7.0%	6.1%

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Mortgage and Risk — Gaines, MI

According to HUD data as of 2023, there were 620 mortgage originations in Gaines, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Gaines, MI. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	620
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Gaines, MI

As of 2024, the percent of homes in Gaines, MI under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Gaines, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	65
Total Units Section 8	16
% Rentals under Section 8	1.4%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$400	$1,750	$1,350
2 Bedroom	-$540	$2,180	$1,640
3 Bedroom	-$370	$2,500	$2,130
4 Bedroom	-$330	$2,650	$2,320

Gaines, MI—49316

Key Metrics at a Glance

Other Zip Codes in Gaines, MI

Home Price Trends — Gaines, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gaines, MI

% of Rental Stock

Property Listings — Gaines, MI

Demographics — Gaines, MI

Race and Ethnicity

Mortgage and Risk — Gaines, MI

Mortgages

Rentals and Section 8 — Gaines, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Gaines, MI

Home Price to Income Ratio

Gaines, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kentwood, MI

Kentwood, MI

Moline

Wayland, MI

Kentwood, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$420,000
Median Household Income	$102,000

Gaines, MI—49316

Key Metrics at a Glance

Other Zip Codes in Gaines, MI

Home Price Trends — Gaines, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gaines, MI

% of Rental Stock

Property Listings — Gaines, MI

Demographics — Gaines, MI

Race and Ethnicity

Mortgage and Risk — Gaines, MI

Mortgages

Rentals and Section 8 — Gaines, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Gaines, MI

Home Price to Income Ratio

Gaines, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kentwood, MI

Kentwood, MI

Moline

Wayland, MI

Kentwood, MI

Frequently Asked Questions

What is the average home price in Gaines, MI 49316?

How have home prices in Gaines, MI 49316 changed over the past year?

What is the home price projection for Gaines, MI 49316?

What are the demographics of Gaines, MI 49316?

How long does it take homes to sell in Gaines, MI 49316?

What is the average rent price in Gaines, MI 49316?