Free Soil, MI—49411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Free Soil, MI
As of Oct '25, the median home price in Free Soil, MI is $245,000, with a year-over-year change of 0.5%. This indicates that home prices in Free Soil, MI are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 0.5% |
| Single Family | $245,000 | -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 | 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 — Free Soil, MI
Free Soil, 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 — Free Soil, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Free Soil, MI is 72. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 26.0% |
Listing Count | 15 | 111.0% |
| Listings as % of Homes | 0.4% | 111.0% |
Days on Market | 72 | -11.0% |
Demographics — Free Soil, MI
As of the latest ACS Survey released in 2023, Free Soil, MI has a population of 1,670, which has increased by 12.8% over the past 5 years. Free Soil, MI is a less popular place for families, as children make up 13.8% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,670 | 12.8% |
% Under 18 | 13.8% | -15.3% |
% Seniors | 31.3% | 53.4% |
% WFH | 6.6% | 29.4% |
% w/ College Degree | 19.5% | 16.8% |
As of the latest ACS Survey released in 2023, Free Soil, MI is a predominantly white area, with 94.7% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Free Soil, MI is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.1% of the population in Free Soil, MI, and this percentage has increased by 22.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.7% | 2.7% |
% Black | 0.6% | -14.3% |
% Hispanic | 1.1% | -69.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | 22.2% |
Mortgage and Risk — Free Soil, MI
According to HUD data as of 2023, there were 31 mortgage originations in Free Soil, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Free Soil, MI. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Free Soil, MI
Free Soil, 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 | $900 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Free Soil, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $245,000 |
| Median Household Income | $60,800 |