Montague, MI—49437
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montague, MI
As of Oct '25, the median home price in Montague, MI is $263,000, with a year-over-year change of 2.6%. This indicates that home prices in Montague, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 2.6% |
| Single Family | $272,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 4.6% |
3 Bed | $272,000 | 3.0% |
4 Bed | $327,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montague, MI
As of July '25, Rentcast reports the average rent in Montague, MI is $1,000, with a year-over-year rent change of 96.5%. Per bedroom, the median rent as of July '25 in Montague, MI is 3-bedrooms: $1,000. The most common rental property sizes in Montague, MI are 2-bedroom and 3-bedroom, accounting for 44.7% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montague, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Montague, MI is 45. This is a decrease of -57.0% 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 | $400,000 | -9.0% |
Listing Count | 25 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 45 | -57.0% |
Demographics — Montague, MI
As of the latest ACS Survey released in 2023, Montague, MI has a population of 6,620, which has decreased by -5.2% over the past 5 years. Montague, MI is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,620 | -5.2% |
% Under 18 | 23.8% | 4.8% |
% Seniors | 21.1% | 1.4% |
% WFH | 8.2% | 241.7% |
% w/ College Degree | 25.7% | 19.5% |
As of the latest ACS Survey released in 2023, Montague, MI is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Montague, MI is hispanic, making up 5.5% of the population. Foreign-born residents account for 1.0% of the population in Montague, MI, and this percentage has decreased by 33.3% 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 | 89.0% | -1.5% |
% Black | 0.5% | 0.0% |
% Hispanic | 5.5% | -24.7% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.0% | -33.3% |
Mortgage and Risk — Montague, MI
According to HUD data as of 2023, there were 112 mortgage originations in Montague, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Montague, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Montague, MI
Montague, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | $180 | $1,000 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Montague, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $263,000 |
| Median Household Income | $77,200 |