Wyoming, MI—49509
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wyoming, MI
Home Price Trends — Wyoming, MI
As of Oct '25, the median home price in Wyoming, MI is $251,000, with a year-over-year change of 2.2%. This indicates that home prices in Wyoming, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 2.2% |
| Single Family | $251,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 2.9% |
3 Bed | $255,000 | 3.2% |
4 Bed | $277,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wyoming, MI
As of July '25, Rentcast reports the average rent in Wyoming, MI is $1,660, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Wyoming, MI is studios: $1,330, 1-bedrooms: $1,180, 2-bedrooms: $1,400, 3-bedrooms: $2,120, 4-bedrooms: $2,600. The most common rental property sizes in Wyoming, MI are 1-bedroom and 2-bedroom, accounting for 35.8% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,660 |
| Studio Rent | $1,290 | $1,330 |
| 1 Bed Rent | $1,200 | $1,180 |
| 2 Bed Rent | $1,250 | $1,400 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $2,400 | $2,600 |
% of Rental Stock
Property Listings — Wyoming, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wyoming, MI is 36. This is a increase of 51.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | 0.0% |
Listing Count | 60 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 36 | 51.0% |
Demographics — Wyoming, MI
As of the latest ACS Survey released in 2023, Wyoming, MI has a population of 28,100, which has increased by 1.2% over the past 5 years. Wyoming, MI is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,100 | 1.2% |
% Under 18 | 25.9% | -4.8% |
% Seniors | 10.6% | 0.0% |
% WFH | 6.4% | 156.0% |
% w/ College Degree | 19.5% | 22.6% |
As of the latest ACS Survey released in 2023, Wyoming, MI is a predominantly white area, with 49.2% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Wyoming, MI is hispanic, making up 33.7% of the population. Foreign-born residents account for 16.9% of the population in Wyoming, MI, and this percentage has increased by 15.8% 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 | 49.2% | -8.0% |
% Black | 11.7% | 50.0% |
% Hispanic | 33.7% | 3.1% |
% Asian | 1.8% | 0.0% |
% Foreign Born | 16.9% | 15.8% |
Mortgage and Risk — Wyoming, MI
According to HUD data as of 2023, there were 563 mortgage originations in Wyoming, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Wyoming, MI. Investor activity is low, as 3.0% 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 | 563 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wyoming, MI
As of 2024, the percent of homes in Wyoming, MI under the Section 8 program is 19.1%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Wyoming, MI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 603 |
Total Units Section 8 | 587 |
% Rentals under Section 8 | 19.1% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,200 | $1,060 |
| 2 Bedroom | $20 | $1,250 | $1,270 |
| 3 Bedroom | -$350 | $2,000 | $1,650 |
| 4 Bedroom | -$590 | $2,400 | $1,810 |
Affordability — Wyoming, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $251,000 |
| Median Household Income | $65,000 |