Empire, MI 49630 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Empire, MI—49630

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$594,000

0.1% YoY Growth

Household Income

$102,000

54.8% YoY Growth

Days on Market

153

234.0% Longer YoY

Home Price Forecast

3.8%

Median Rent

$815

N/A

1-Bed Rent

N/A

2-Bed Rent

$815

N/A

3-Bed Rent

N/A

Other Zip Codes in Empire, MI

49636

Home Price Trends — Empire, MI

As of Dec '25, the median home price in Empire, MI is $594,000, with a year-over-year change of 0.1%. This indicates that home prices in Empire, MI are flat. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$594,000	0.1%
Single Family	$597,000	0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Empire, MI

Empire, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$815	$815
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$815	$815
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

15.2%

2 Bedrooms

32.9%

3 Bedrooms

29.1%

4 Bedrooms

17.7%

5+ Bedrooms

5.1%

Property Listings — Empire, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Empire, MI is 103. This is a increase of 148.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$800,000	26.0%
Listing Count	6	17.0%
Listings as % of Homes	0.7%	17.0%
Days on Market	153	234.0%

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Demographics — Empire, MI

As of the latest ACS Survey released in 2023, Empire, MI has a population of 1,480, which has increased by 6.2% over the past 5 years. Empire, MI is a less popular place for families, as children make up 12.8% of the population. The area has a highly educated workforce, with 55.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,480	6.2%
% Under 18	12.8%	-20.0%
% Seniors	45.1%	55.5%
% WFH	19.2%	82.9%
% w/ College Degree	55.8%	12.0%

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As of the latest ACS Survey released in 2023, Empire, MI is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Empire, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.2% of the population in Empire, MI, and this percentage has increased by 33.3% 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	93.5%	-4.6%
% Black	0.3%	∞%
% Hispanic	2.9%	190.0%
% Asian	0.1%	0.0%
% Foreign Born	1.2%	33.3%

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Mortgage and Risk — Empire, MI

According to HUD data as of 2023, there were 73 mortgage originations in Empire, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Empire, MI. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	73
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	3.0%
% Second Loans	37.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Empire, MI

Empire, 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	$960
2 Bedroom	$395	$815	$1,210
3 Bedroom	N/A	N/A	$1,450
4 Bedroom	N/A	N/A	$1,600

Empire, MI—49630

Key Metrics at a Glance

Other Zip Codes in Empire, MI

Home Price Trends — Empire, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Empire, MI

% of Rental Stock

Property Listings — Empire, MI

Demographics — Empire, MI

Race and Ethnicity

Mortgage and Risk — Empire, MI

Mortgages

Rentals and Section 8 — Empire, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Empire, MI

Home Price to Income Ratio

Empire, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Empire, MI

Honor, MI

Maple City, MI

Lake Ann, MI

Beulah, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$594,000
Median Household Income	$102,000

Empire, MI—49630

Key Metrics at a Glance

Other Zip Codes in Empire, MI

Home Price Trends — Empire, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Empire, MI

% of Rental Stock

Property Listings — Empire, MI

Demographics — Empire, MI

Race and Ethnicity

Mortgage and Risk — Empire, MI

Mortgages

Rentals and Section 8 — Empire, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Empire, MI

Home Price to Income Ratio

Empire, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Empire, MI

Honor, MI

Maple City, MI

Lake Ann, MI

Beulah, MI

Frequently Asked Questions

What is the average home price in Empire, MI 49630?

How have home prices in Empire, MI 49630 changed over the past year?

What is the home price projection for Empire, MI 49630?

What are the demographics of Empire, MI 49630?

How long does it take homes to sell in Empire, MI 49630?

What is the average rent price in Empire, MI 49630?