Wyoming, MI—49519
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 $284,000, with a year-over-year change of 3.0%. This indicates that home prices in Wyoming, MI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 3.0% |
| Single Family | $289,000 | 3.2% |
| Condos | $203,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | 3.6% |
3 Bed | $280,000 | 3.7% |
4 Bed | $327,000 | 1.9% |
| 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 $1,500, with a year-over-year rent change of 12.8%. Per bedroom, the median rent as of July '25 in Wyoming, MI is studios: $1,150, 1-bedrooms: $1,250, 2-bedrooms: $1,280, 3-bedrooms: $2,060. The most common rental property sizes in Wyoming, MI are 2-bedroom and 1-bedroom, accounting for 46.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,500 |
| Studio Rent | $1,100 | $1,150 |
| 1 Bed Rent | $1,150 | $1,250 |
| 2 Bed Rent | $1,250 | $1,280 |
| 3 Bed Rent | $2,000 | $2,060 |
| 4 Bed Rent | N/A | N/A |
% 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 29. This is a decrease of -10.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | 4.0% |
Listing Count | 39 | -19.0% |
| Listings as % of Homes | 0.2% | -19.0% |
Days on Market | 29 | -10.0% |
Demographics — Wyoming, MI
As of the latest ACS Survey released in 2023, Wyoming, MI has a population of 28,300, which has decreased by -2.1% over the past 5 years. Wyoming, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,300 | -2.1% |
% Under 18 | 21.3% | -4.9% |
% Seniors | 12.0% | 4.3% |
% WFH | 7.9% | 172.4% |
% w/ College Degree | 28.4% | 24.0% |
As of the latest ACS Survey released in 2023, Wyoming, MI is a predominantly white area, with 66.4% 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 Wyoming, MI is hispanic, making up 18.2% of the population. Foreign-born residents account for 8.2% of the population in Wyoming, MI, and this percentage has decreased by 24.1% 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 | 66.4% | -1.6% |
% Black | 9.6% | 21.5% |
% Hispanic | 18.2% | 13.0% |
% Asian | 1.5% | -64.3% |
% Foreign Born | 8.2% | -24.1% |
Mortgage and Risk — Wyoming, MI
According to HUD data as of 2023, there were 477 mortgage originations in Wyoming, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Wyoming, MI. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 477 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wyoming, MI
Wyoming, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 517 |
Total Units Section 8 | 372 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,150 | $1,160 |
| 2 Bedroom | $130 | $1,250 | $1,380 |
| 3 Bedroom | -$200 | $2,000 | $1,800 |
| 4 Bedroom | N/A | N/A | $1,970 |
Affordability — Wyoming, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $284,000 |
| Median Household Income | $75,400 |