Muskegon, MI—49440
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Muskegon, MI
Home Price Trends — Muskegon, MI
As of Oct '25, the median home price in Muskegon, MI is $353,000, with a year-over-year change of 3.4%. This indicates that home prices in Muskegon, MI are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 3.4% |
| Single Family | $331,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Muskegon, MI
As of July '25, Rentcast reports the average rent in Muskegon, MI is $1,410, with a year-over-year rent change of -26.2%. Per bedroom, the median rent as of July '25 in Muskegon, MI is studios: $750, 1-bedrooms: $842, 3-bedrooms: $1,890, 4-bedrooms: $2,350. The most common rental property sizes in Muskegon, MI are 1-bedroom and 2-bedroom, accounting for 55.0% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,410 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $825 | $842 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,880 | $1,890 |
| 4 Bed Rent | $2,350 | $2,350 |
% of Rental Stock
Property Listings — Muskegon, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Muskegon, MI is 135. This is a decrease of -61.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | -14.0% |
Listing Count | 3 | -79.0% |
| Listings as % of Homes | 0.9% | -79.0% |
Days on Market | 135 | -61.0% |
Demographics — Muskegon, MI
As of the latest ACS Survey released in 2023, Muskegon, MI has a population of 1,320, which has increased by 34.2% over the past 5 years. Muskegon, MI is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,320 | 34.2% |
% Under 18 | 20.5% | 60.2% |
% Seniors | 20.8% | -27.8% |
% WFH | 6.9% | 21.1% |
% w/ College Degree | 36.0% | 15.0% |
As of the latest ACS Survey released in 2023, Muskegon, MI is a predominantly white area, with 56.0% of the population identifying as white. The white population has shrunk by 25.0% in the last 5 years. The second most common race or ethnicity in Muskegon, MI is black, making up 15.0% of the population. Foreign-born residents account for 3.3% of the population in Muskegon, MI, and this percentage has increased by 83.3% 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 | 56.0% | -25.0% |
% Black | 15.0% | 38.9% |
% Hispanic | 10.8% | ∞% |
% Asian | 0.5% | ∞% |
% Foreign Born | 3.3% | 83.3% |
Mortgage and Risk — Muskegon, MI
Muskegon, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Muskegon, MI
Muskegon, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 20.6% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$95 | $825 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | -$700 | $1,880 | $1,180 |
| 4 Bedroom | -$1,080 | $2,350 | $1,270 |
Affordability — Muskegon, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $353,000 |
| Median Household Income | $42,500 |