Nunica, MI—49448
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nunica, MI
As of Oct '25, the median home price in Nunica, MI is $360,000, with a year-over-year change of -5.7%. This indicates that home prices in Nunica, MI are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -5.7% |
| Single Family | $372,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | 0.3% |
3 Bed | $361,000 | 4.9% |
4 Bed | $457,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nunica, MI
Nunica, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nunica, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Nunica, MI is 48. This is a decrease of -22.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | 39.0% |
Listing Count | 12 | 100.0% |
| Listings as % of Homes | 0.5% | 100.0% |
Days on Market | 48 | -22.0% |
Demographics — Nunica, MI
As of the latest ACS Survey released in 2023, Nunica, MI has a population of 4,350, which has increased by 8.9% over the past 5 years. Nunica, MI is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,350 | 8.9% |
% Under 18 | 25.6% | -8.2% |
% Seniors | 14.4% | 22.0% |
% WFH | 8.3% | 13.7% |
% w/ College Degree | 35.4% | 9.6% |
As of the latest ACS Survey released in 2023, Nunica, MI is a predominantly white area, with 95.5% of the population identifying as white. The white population has grown by 11.6% in the last 5 years. The second most common race or ethnicity in Nunica, MI is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.8% of the population in Nunica, MI, and this percentage has decreased by 42.9% 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 | 95.5% | 11.6% |
% Black | 0.3% | -78.6% |
% Hispanic | 2.6% | -73.5% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 0.8% | -42.9% |
Mortgage and Risk — Nunica, MI
According to HUD data as of 2023, there were 107 mortgage originations in Nunica, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Nunica, MI. Investor activity is low, as 0.0% 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 | 107 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Nunica, MI
Nunica, 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 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Nunica, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $360,000 |
| Median Household Income | $81,500 |