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Empire, MI—49630

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$632,000
3.6% YoY Growth
Household Income
$102,000
54.8% YoY Growth
Days on Market
10
34.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$815
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$815
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Empire, MI

49636
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Empire, MI

As of May '26, the median home price in Empire, MI is $632,000, with a year-over-year change of 3.6%. This indicates that home prices in Empire, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$632,0003.6%
Single Family $632,0003.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$639,0004.1%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    5.3%
    2 Bedrooms
    25.1%
    3 Bedrooms
    40.1%
    4 Bedrooms
    20.5%
    5+ Bedrooms
    7.9%

    Rental Trends — Empire, MI

    Empire, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$815$815
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $815$815
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Empire, MI is 10. This is a decrease of -34.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$635,00074.0%
    Listing Count
    		16-23.0%
    Listings as % of Homes0.7%-23.0%
    Days on Market
    		10-34.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		1,4806.2%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$960
    2 Bedroom$395$815$1,210
    3 BedroomN/AN/A$1,450
    4 BedroomN/AN/A$1,600

    Affordability — Empire, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$632,000
    Median Household Income$102,000

    Empire, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Empire, MI

    49636

    Honor, MI

    49640

    Maple City, MI

    49664

    Lake Ann, MI

    49650

    Beulah, MI

    49617

    Frequently Asked Questions