Ravenna, MI—49451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ravenna, MI
As of Oct '25, the median home price in Ravenna, MI is $287,000, with a year-over-year change of 0.8%. This indicates that home prices in Ravenna, MI are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 0.8% |
| Single Family | $288,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 1.8% |
3 Bed | $284,000 | 1.4% |
4 Bed | $336,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ravenna, MI
Ravenna, 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 — Ravenna, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ravenna, MI is 72. This is a increase of 39.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $343,000 | 2.0% |
Listing Count | 9 | -41.0% |
| Listings as % of Homes | 0.7% | -41.0% |
Days on Market | 72 | 39.0% |
Demographics — Ravenna, MI
As of the latest ACS Survey released in 2023, Ravenna, MI has a population of 6,440, which has increased by 8.6% over the past 5 years. Ravenna, MI is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,440 | 8.6% |
% Under 18 | 26.5% | -1.5% |
% Seniors | 12.4% | 3.3% |
% WFH | 4.7% | 46.9% |
% w/ College Degree | 20.2% | 62.9% |
As of the latest ACS Survey released in 2023, Ravenna, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Ravenna, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 0.6% of the population in Ravenna, MI, and this percentage has decreased by 40.0% 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 | 90.2% | -2.8% |
% Black | 0.7% | 75.0% |
% Hispanic | 4.1% | -22.6% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.6% | -40.0% |
Mortgage and Risk — Ravenna, MI
According to HUD data as of 2023, there were 247 mortgage originations in Ravenna, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Ravenna, MI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Ravenna, MI
Ravenna, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% 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 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Ravenna, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $287,000 |
| Median Household Income | $67,400 |