Sand Lake, MI 49343 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sand Lake, MI—49343

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$292,000

4.1% YoY Growth

Household Income

$81,700

30.4% YoY Growth

Days on Market

86.0% Longer YoY

Home Price Forecast

4.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Sand Lake, MI

As of Dec '25, the median home price in Sand Lake, MI is $292,000, with a year-over-year change of 4.1%. This indicates that home prices in Sand Lake, MI are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$292,000	4.1%
Single Family	$291,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sand Lake, MI

Sand Lake, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

0.8%

1 Bedroom

40.3%

2 Bedrooms

35.6%

3 Bedrooms

12.6%

4 Bedrooms

10.7%

Property Listings — Sand Lake, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Sand Lake, MI is 65. This is a increase of 53.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$526,000	93.0%
Listing Count	6	-26.0%
Listings as % of Homes	0.6%	-26.0%
Days on Market	93	86.0%

Loading chart...

Demographics — Sand Lake, MI

As of the latest ACS Survey released in 2023, Sand Lake, MI has a population of 5,440, which has decreased by -9.6% over the past 5 years. Sand Lake, MI is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,440	-9.6%
% Under 18	16.0%	-43.5%
% Seniors	19.0%	95.9%
% WFH	9.1%	264.0%
% w/ College Degree	15.3%	1.3%

Loading chart...

As of the latest ACS Survey released in 2023, Sand Lake, MI is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Sand Lake, MI is hispanic, making up 2.7% of the population. Foreign-born residents account for 0.3% of the population in Sand Lake, MI, and this percentage has decreased by 72.7% 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	90.4%	-5.8%
% Black	0.1%	-80.0%
% Hispanic	2.7%	22.7%
% Asian	0.0%	-100.0%
% Foreign Born	0.3%	-72.7%

Loading chart...

Mortgage and Risk — Sand Lake, MI

According to HUD data as of 2023, there were 108 mortgage originations in Sand Lake, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sand Lake, MI. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	108
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	0.0%
% Second Loans	6.0%
% Cash Out Refinance	13.0%

Loading chart...

Rentals and Section 8 — Sand Lake, MI

Sand Lake, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	36
Total Units Section 8	36
% Rentals under Section 8	13.8%
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,030
2 Bedroom	N/A	N/A	$1,240
3 Bedroom	N/A	N/A	$1,610
4 Bedroom	N/A	N/A	$1,770

Sand Lake, MI—49343

Key Metrics at a Glance

Home Price Trends — Sand Lake, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sand Lake, MI

% of Rental Stock

Property Listings — Sand Lake, MI

Demographics — Sand Lake, MI

Race and Ethnicity

Mortgage and Risk — Sand Lake, MI

Mortgages

Rentals and Section 8 — Sand Lake, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sand Lake, MI

Home Price to Income Ratio

Sand Lake, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Pierson, MI

Cedar Springs, MI

Howard City, MI

Rockford, MI

Trufant, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$292,000
Median Household Income	$81,700

Sand Lake, MI—49343

Key Metrics at a Glance

Home Price Trends — Sand Lake, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sand Lake, MI

% of Rental Stock

Property Listings — Sand Lake, MI

Demographics — Sand Lake, MI

Race and Ethnicity

Mortgage and Risk — Sand Lake, MI

Mortgages

Rentals and Section 8 — Sand Lake, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sand Lake, MI

Home Price to Income Ratio

Sand Lake, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Pierson, MI

Cedar Springs, MI

Howard City, MI

Rockford, MI

Trufant, MI

Frequently Asked Questions

What is the average home price in Sand Lake, MI 49343?

How have home prices in Sand Lake, MI 49343 changed over the past year?

What is the home price projection for Sand Lake, MI 49343?

What are the demographics of Sand Lake, MI 49343?

How long does it take homes to sell in Sand Lake, MI 49343?

What is the average rent price in Sand Lake, MI 49343?