Cedar Springs, MI—49319
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Springs, MI
As of Oct '25, the median home price in Cedar Springs, MI is $329,000, with a year-over-year change of 5.1%. This indicates that home prices in Cedar Springs, MI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 5.1% |
| Single Family | $331,000 | 5.4% |
| Condos | $317,000 | 8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $261,000 | 7.9% |
3 Bed | $322,000 | 5.6% |
4 Bed | $362,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Springs, MI
As of July '25, Rentcast reports the average rent in Cedar Springs, MI is $1,540, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Cedar Springs, MI is 1-bedrooms: $899, 2-bedrooms: $1,100, 3-bedrooms: $2,070. The most common rental property sizes in Cedar Springs, MI are 2-bedroom and 3-bedroom, accounting for 52.9% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $899 | $899 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,950 | $2,070 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Springs, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Springs, MI is 32. This is a increase of 5.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $384,000 | -1.0% |
Listing Count | 47 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 32 | 5.0% |
Demographics — Cedar Springs, MI
As of the latest ACS Survey released in 2023, Cedar Springs, MI has a population of 18,700, which has increased by 10.9% over the past 5 years. Cedar Springs, MI is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 10.9% |
% Under 18 | 23.2% | -9.0% |
% Seniors | 14.4% | 27.4% |
% WFH | 8.2% | 256.5% |
% w/ College Degree | 20.2% | 2.5% |
As of the latest ACS Survey released in 2023, Cedar Springs, MI is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Cedar Springs, MI is hispanic, making up 6.5% of the population. Foreign-born residents account for 1.1% of the population in Cedar Springs, MI, and this percentage has decreased by 35.3% 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 | 88.8% | -4.3% |
% Black | 0.7% | -12.5% |
% Hispanic | 6.5% | 97.0% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 1.1% | -35.3% |
Mortgage and Risk — Cedar Springs, MI
According to HUD data as of 2023, there were 413 mortgage originations in Cedar Springs, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Springs, MI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 413 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cedar Springs, MI
Cedar Springs, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 83 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $211 | $899 | $1,110 |
| 2 Bedroom | $230 | $1,100 | $1,330 |
| 3 Bedroom | -$220 | $1,950 | $1,730 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Cedar Springs, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $329,000 |
| Median Household Income | $78,200 |