Lowell, MI 49331 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lowell, MI—49331

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$388,000

6.1% YoY Growth

Household Income

$92,400

22.1% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

3.3%

Median Rent

$1,500

0.0% YoY Growth

1-Bed Rent

$995

N/A

2-Bed Rent

$1,150

33.1% YoY Growth

3-Bed Rent

$2,500

75.8% YoY Growth

Home Price Trends — Lowell, MI

As of Dec '25, the median home price in Lowell, MI is $388,000, with a year-over-year change of 6.1%. This indicates that home prices in Lowell, MI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$388,000	6.1%
Single Family	$389,000	6.3%
Condos	$387,000	8.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lowell, MI

As of July '25, Rentcast reports the average rent in Lowell, MI is $1,760, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lowell, MI is 1-bedrooms: $1,160, 2-bedrooms: $1,170, 3-bedrooms: $2,620, 4-bedrooms: $2,250. The most common rental property sizes in Lowell, MI are 2-bedroom and 1-bedroom, accounting for 58.7% and 24.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,760
Studio Rent	N/A	N/A
1 Bed Rent	$995	$1,160
2 Bed Rent	$1,150	$1,170
3 Bed Rent	$2,500	$2,620
4 Bed Rent	$2,200	$2,250

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% of Rental Stock

Studio

2.2%

1 Bedroom

24.5%

2 Bedrooms

58.7%

3 Bedrooms

7.9%

4 Bedrooms

4.8%

5+ Bedrooms

1.9%

Property Listings — Lowell, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Lowell, MI is 45. This is a increase of 29.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$525,000	5.0%
Listing Count	50	-1.0%
Listings as % of Homes	0.4%	-1.0%
Days on Market	68	15.0%

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Demographics — Lowell, MI

As of the latest ACS Survey released in 2023, Lowell, MI has a population of 17,400, which has remained stable by -0.9% over the past 5 years. Lowell, MI is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,400	-0.9%
% Under 18	25.1%	12.6%
% Seniors	15.2%	11.8%
% WFH	15.8%	267.4%
% w/ College Degree	39.1%	39.6%

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As of the latest ACS Survey released in 2023, Lowell, MI is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Lowell, MI is hispanic, making up 3.7% of the population. Foreign-born residents account for 1.4% of the population in Lowell, MI, and this percentage has decreased by 6.7% 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	88.0%	-6.3%
% Black	1.0%	-9.1%
% Hispanic	3.7%	37.0%
% Asian	0.6%	50.0%
% Foreign Born	1.4%	-6.7%

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Mortgage and Risk — Lowell, MI

According to HUD data as of 2023, there were 297 mortgage originations in Lowell, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lowell, 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	297
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Lowell, MI

As of 2024, the percent of homes in Lowell, MI under the Section 8 program is 0.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lowell, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	0.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$115	$995	$1,110
2 Bedroom	$200	$1,150	$1,350
3 Bedroom	-$760	$2,500	$1,740
4 Bedroom	-$270	$2,200	$1,930

Lowell, MI—49331

Key Metrics at a Glance

Home Price Trends — Lowell, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lowell, MI

% of Rental Stock

Property Listings — Lowell, MI

Demographics — Lowell, MI

Race and Ethnicity

Mortgage and Risk — Lowell, MI

Mortgages

Rentals and Section 8 — Lowell, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lowell, MI

Home Price to Income Ratio

Lowell, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ada, MI

Bowne Center, MI

Clarksville, MI

Belding, MI

Saranac, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$388,000
Median Household Income	$92,400

Lowell, MI—49331

Key Metrics at a Glance

Home Price Trends — Lowell, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lowell, MI

% of Rental Stock

Property Listings — Lowell, MI

Demographics — Lowell, MI

Race and Ethnicity

Mortgage and Risk — Lowell, MI

Mortgages

Rentals and Section 8 — Lowell, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lowell, MI

Home Price to Income Ratio

Lowell, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ada, MI

Bowne Center, MI

Clarksville, MI

Belding, MI

Saranac, MI

Frequently Asked Questions

What is the average home price in Lowell, MI 49331?

How have home prices in Lowell, MI 49331 changed over the past year?

What is the home price projection for Lowell, MI 49331?

What are the demographics of Lowell, MI 49331?

How long does it take homes to sell in Lowell, MI 49331?

What is the average rent price in Lowell, MI 49331?