Scottville, MI—49454
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scottville, MI
As of Oct '25, the median home price in Scottville, MI is $205,000, with a year-over-year change of -2.5%. This indicates that home prices in Scottville, MI are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | -2.5% |
| Single Family | $205,000 | -2.8% |
| 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 | $211,000 | 1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Scottville, MI
Scottville, 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 — Scottville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Scottville, MI is 54. This is a decrease of -35.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $346,000 | 3.0% |
Listing Count | 20 | -25.0% |
| Listings as % of Homes | 0.3% | -25.0% |
Days on Market | 54 | -35.0% |
Demographics — Scottville, MI
As of the latest ACS Survey released in 2023, Scottville, MI has a population of 4,900, which has increased by 6.3% over the past 5 years. Scottville, MI is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,900 | 6.3% |
% Under 18 | 24.0% | 8.6% |
% Seniors | 16.0% | -3.6% |
% WFH | 9.1% | 122.0% |
% w/ College Degree | 16.8% | -2.9% |
As of the latest ACS Survey released in 2023, Scottville, MI is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Scottville, MI is hispanic, making up 8.3% of the population. Foreign-born residents account for 3.1% of the population in Scottville, MI, and this percentage has increased by 106.7% 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 | 87.3% | -1.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.3% | 12.2% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 3.1% | 106.7% |
Mortgage and Risk — Scottville, MI
According to HUD data as of 2023, there were 60 mortgage originations in Scottville, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Scottville, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Scottville, MI
Scottville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% 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 | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Scottville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $205,000 |
| Median Household Income | $56,600 |