Muskegon, MI—49442
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 $174,000, with a year-over-year change of 1.0%. This indicates that home prices in Muskegon, 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 | $174,000 | 1.0% |
| Single Family | $174,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | 1.8% |
2 Bed | $138,000 | 1.5% |
3 Bed | $188,000 | 2.2% |
4 Bed | $198,000 | 2.1% |
| 5 Bed | $242,000 | 3.0% |
% of Housing Stock
Rental Trends — Muskegon, MI
As of July '25, Rentcast reports the average rent in Muskegon, MI is $1,160, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Muskegon, MI is 1-bedrooms: $811, 2-bedrooms: $1,160, 3-bedrooms: $1,260, 4-bedrooms: $1,500. The most common rental property sizes in Muskegon, MI are 2-bedroom and 1-bedroom, accounting for 37.7% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $811 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,280 | $1,260 |
| 4 Bed Rent | $1,500 | $1,500 |
% 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 45. This is a increase of 11.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | 13.0% |
Listing Count | 170 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 45 | 11.0% |
Demographics — Muskegon, MI
As of the latest ACS Survey released in 2023, Muskegon, MI has a population of 44,400, which has increased by 7.1% over the past 5 years. Muskegon, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | 7.1% |
% Under 18 | 21.9% | -13.8% |
% Seniors | 14.0% | 4.5% |
% WFH | 2.7% | 17.4% |
% w/ College Degree | 11.1% | 14.4% |
As of the latest ACS Survey released in 2023, Muskegon, MI is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Muskegon, MI is black, making up 21.8% of the population. Foreign-born residents account for 2.9% of the population in Muskegon, MI, and this percentage has increased by 38.1% 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 | 62.5% | -5.3% |
% Black | 21.8% | 8.5% |
% Hispanic | 7.9% | 3.9% |
% Asian | 1.1% | 450.0% |
% Foreign Born | 2.9% | 38.1% |
Mortgage and Risk — Muskegon, MI
According to HUD data as of 2023, there were 851 mortgage originations in Muskegon, MI, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Muskegon, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 851 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Muskegon, MI
As of 2024, the percent of homes in Muskegon, MI under the Section 8 program is 24.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Muskegon, MI, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,407 |
Total Units Section 8 | 1,345 |
% Rentals under Section 8 | 24.8% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $750 | $820 |
| 2 Bedroom | -$20 | $1,100 | $1,080 |
| 3 Bedroom | $40 | $1,280 | $1,320 |
| 4 Bedroom | -$70 | $1,500 | $1,430 |
Affordability — Muskegon, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $174,000 |
| Median Household Income | $50,100 |