Fennville, MI—49408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fennville, MI
As of Oct '25, the median home price in Fennville, MI is $348,000, with a year-over-year change of 4.6%. This indicates that home prices in Fennville, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 4.6% |
| Single Family | $352,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | 5.4% |
3 Bed | $354,000 | 5.0% |
4 Bed | $455,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fennville, MI
As of July '25, Rentcast reports the average rent in Fennville, MI is $1,040, with a year-over-year rent change of -35.0%. Per bedroom, the median rent as of July '25 in Fennville, MI is 1-bedrooms: $1,040. The most common rental property sizes in Fennville, MI are 2-bedroom and 3-bedroom, accounting for 35.8% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,040 | $1,040 |
| 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 — Fennville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Fennville, MI is 58. This is a increase of 36.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $656,000 | 39.0% |
Listing Count | 46 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 58 | 36.0% |
Demographics — Fennville, MI
As of the latest ACS Survey released in 2023, Fennville, MI has a population of 10,500, which has increased by 7.0% over the past 5 years. Fennville, MI is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 7.0% |
% Under 18 | 22.7% | -0.4% |
% Seniors | 21.6% | 20.0% |
% WFH | 10.8% | 140.0% |
% w/ College Degree | 24.2% | 0.0% |
As of the latest ACS Survey released in 2023, Fennville, MI is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Fennville, MI is hispanic, making up 24.2% of the population. Foreign-born residents account for 6.3% of the population in Fennville, MI, and this percentage has decreased by 18.2% 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 | 70.6% | -3.8% |
% Black | 0.9% | 80.0% |
% Hispanic | 24.2% | -2.8% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 6.3% | -18.2% |
Mortgage and Risk — Fennville, MI
According to HUD data as of 2023, there were 328 mortgage originations in Fennville, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Fennville, MI. Investor activity is low, as 1.0% 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 | 328 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fennville, MI
Fennville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,040 | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Fennville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $348,000 |
| Median Household Income | $69,200 |