Custer, MI—49405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Custer, MI
As of Oct '25, the median home price in Custer, MI is $204,000, with a year-over-year change of -3.1%. This indicates that home prices in Custer, MI are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | -3.1% |
| Single Family | $204,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Custer, MI
Custer, 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 |
% of Rental Stock
Property Listings — Custer, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Custer, MI is 111. This is a increase of 73.0% 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 | $257,000 | -55.0% |
Listing Count | 10 | 38.0% |
| Listings as % of Homes | 0.3% | 38.0% |
Days on Market | 111 | 73.0% |
Demographics — Custer, MI
As of the latest ACS Survey released in 2023, Custer, MI has a population of 1,700, which has increased by 14.6% over the past 5 years. Custer, MI is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,700 | 14.6% |
% Under 18 | 22.1% | 5.2% |
% Seniors | 18.6% | 14.1% |
% WFH | 7.9% | 102.6% |
% w/ College Degree | 17.0% | 4.3% |
As of the latest ACS Survey released in 2023, Custer, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Custer, MI is hispanic, making up 6.5% of the population. Foreign-born residents account for 0.6% of the population in Custer, MI, and this percentage has decreased by 14.3% 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 | 89.3% | -1.8% |
% Black | 1.5% | -53.1% |
% Hispanic | 6.5% | 132.1% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.6% | -14.3% |
Mortgage and Risk — Custer, MI
According to HUD data as of 2023, there were 42 mortgage originations in Custer, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Custer, MI. Investor activity is low, as 0.0% 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 | 42 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Custer, MI
Custer, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Custer, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $204,000 |
| Median Household Income | $69,500 |