Roosevelt Park, MI—49441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roosevelt Park, MI
As of Oct '25, the median home price in Roosevelt Park, MI is $247,000, with a year-over-year change of 2.9%. This indicates that home prices in Roosevelt Park, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 2.9% |
| Single Family | $244,000 | 3.0% |
| Condos | $291,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $149,000 | 2.8% |
2 Bed | $200,000 | 3.1% |
3 Bed | $247,000 | 2.9% |
4 Bed | $307,000 | 3.0% |
| 5 Bed | $351,000 | 2.0% |
% of Housing Stock
Rental Trends — Roosevelt Park, MI
As of July '25, Rentcast reports the average rent in Roosevelt Park, MI is $1,280, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Roosevelt Park, MI is studios: $750, 1-bedrooms: $908, 2-bedrooms: $1,180, 3-bedrooms: $1,660. The most common rental property sizes in Roosevelt Park, MI are 2-bedroom and 1-bedroom, accounting for 47.7% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,280 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $825 | $908 |
| 2 Bed Rent | $1,100 | $1,180 |
| 3 Bed Rent | $1,600 | $1,660 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Roosevelt Park, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Roosevelt Park, MI is 34. This is a increase of 3.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | -13.0% |
Listing Count | 182 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 34 | 3.0% |
Demographics — Roosevelt Park, MI
As of the latest ACS Survey released in 2023, Roosevelt Park, MI has a population of 36,700, which has increased by 2.5% over the past 5 years. Roosevelt Park, MI is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,700 | 2.5% |
% Under 18 | 22.0% | 4.8% |
% Seniors | 21.4% | 9.7% |
% WFH | 8.1% | 200.0% |
% w/ College Degree | 28.2% | 3.3% |
As of the latest ACS Survey released in 2023, Roosevelt Park, MI is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Roosevelt Park, MI is black, making up 8.8% of the population. Foreign-born residents account for 3.2% of the population in Roosevelt Park, MI, and this percentage has increased by 45.5% 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 | 79.2% | -1.4% |
% Black | 8.8% | -18.5% |
% Hispanic | 6.9% | 32.7% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 3.2% | 45.5% |
Mortgage and Risk — Roosevelt Park, MI
According to HUD data as of 2023, there were 985 mortgage originations in Roosevelt Park, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Roosevelt Park, MI. Investor activity is low, as 3.0% 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 | 985 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Roosevelt Park, MI
Roosevelt Park, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 244 |
Total Units Section 8 | 239 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $825 | $910 |
| 2 Bedroom | $90 | $1,100 | $1,190 |
| 3 Bedroom | -$150 | $1,600 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Roosevelt Park, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $247,000 |
| Median Household Income | $65,200 |