Grant, MI—49327
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grant, MI
Grant, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 0.1% |
| Single Family | $248,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $211,000 | 1.9% |
3 Bed | $271,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grant, MI
As of July '25, Rentcast reports the average rent in Grant, MI is $998, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Grant, MI is 1-bedrooms: $895, 3-bedrooms: $1,100. The most common rental property sizes in Grant, MI are 3-bedroom and 2-bedroom, accounting for 31.3% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $998 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $895 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grant, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Grant, MI is 77. This is a increase of 151.0% 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 | $465,000 | 24.0% |
Listing Count | 32 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 77 | 151.0% |
Demographics — Grant, MI
As of the latest ACS Survey released in 2023, Grant, MI has a population of 8,710, which has increased by 3.3% over the past 5 years. Grant, MI is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,710 | 3.3% |
% Under 18 | 22.2% | -18.1% |
% Seniors | 16.9% | 15.0% |
% WFH | 4.8% | 29.7% |
% w/ College Degree | 17.9% | 17.0% |
As of the latest ACS Survey released in 2023, Grant, MI is a predominantly white area, with 84.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Grant, MI is hispanic, making up 12.6% of the population. Foreign-born residents account for 4.1% of the population in Grant, MI, and this percentage has decreased by 2.4% 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 | 84.4% | -2.2% |
% Black | 0.2% | -60.0% |
% Hispanic | 12.6% | 10.5% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 4.1% | -2.4% |
Mortgage and Risk — Grant, MI
According to HUD data as of 2023, there were 180 mortgage originations in Grant, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Grant, MI. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 180 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Grant, MI
Grant, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $895 | $1,030 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | $510 | $1,100 | $1,610 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Grant, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $248,000 |
| Median Household Income | $68,500 |