Hamilton, MI—49419
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamilton, MI
As of Oct '25, the median home price in Hamilton, MI is $379,000, with a year-over-year change of 4.5%. This indicates that home prices in Hamilton, MI are increasing. 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 | $379,000 | 4.5% |
| Single Family | $383,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | 5.1% |
3 Bed | $357,000 | 4.7% |
4 Bed | $430,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hamilton, MI
Hamilton, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hamilton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamilton, MI is 54. This is a decrease of -26.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | -16.0% |
Listing Count | 21 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 54 | -26.0% |
Demographics — Hamilton, MI
As of the latest ACS Survey released in 2023, Hamilton, MI has a population of 8,730, which has increased by 3.9% over the past 5 years. Hamilton, MI is a popular place for families, as children make up 27.1% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,730 | 3.9% |
% Under 18 | 27.1% | -7.2% |
% Seniors | 13.9% | 20.9% |
% WFH | 6.1% | 64.9% |
% w/ College Degree | 26.3% | 10.0% |
As of the latest ACS Survey released in 2023, Hamilton, MI is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Hamilton, MI is hispanic, making up 3.3% of the population. Foreign-born residents account for 1.8% of the population in Hamilton, MI, and this percentage has increased by 28.6% 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 | 94.1% | -1.3% |
% Black | 0.3% | 200.0% |
% Hispanic | 3.3% | 17.9% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 1.8% | 28.6% |
Mortgage and Risk — Hamilton, MI
According to HUD data as of 2023, there were 188 mortgage originations in Hamilton, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hamilton, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hamilton, MI
Hamilton, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $950 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | -$220 | $1,800 | $1,580 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Hamilton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $379,000 |
| Median Household Income | $92,700 |