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Fife Lake, MI—49633

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$245,000
1.3% YoY Growth
Household Income
$69,600
54.0% YoY Growth
Days on Market
22
14.0% Shorter YoY
Home Price Forecast
1.0%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fife Lake, MI

As of May '26, the median home price in Fife Lake, MI is $245,000, with a year-over-year change of 1.3%. This indicates that home prices in Fife Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$245,0001.3%
Single Family $245,0002.1%
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
    		$243,0001.7%
    3 Bed
    		$323,0003.2%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.2%
    1 Bedroom
    10.7%
    2 Bedrooms
    36.6%
    3 Bedrooms
    43.2%
    4 Bedrooms
    4.2%
    5+ Bedrooms
    1.1%

    Rental Trends — Fife Lake, MI

    Fife Lake, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    8.8%
    2 Bedrooms
    28.4%
    3 Bedrooms
    56.8%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    0.7%

    Property Listings — Fife Lake, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Fife Lake, MI is 22. This is a decrease of -14.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$314,000-27.0%
    Listing Count
    		2820.0%
    Listings as % of Homes0.3%20.0%
    Days on Market
    		22-14.0%
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    Demographics — Fife Lake, MI

    As of the latest ACS Survey released in 2023, Fife Lake, MI has a population of 3,320, which has decreased by -9.6% over the past 5 years. Fife Lake, MI is a moderately popular place for families, as children make up 15.3% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,320-9.6%
    % Under 18
    		15.3%-12.6%
    % Seniors
    		21.7%0.0%
    % WFH
    		13.4%197.8%
    % w/ College Degree
    		21.9%67.2%
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    As of the latest ACS Survey released in 2023, Fife Lake, MI is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Fife Lake, MI is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Fife Lake, MI, and this percentage has increased by 83.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.0%-1.3%
    % Black
    		0.0%-100.0%
    % Hispanic
    		2.3%91.7%
    % Asian
    		0.2%-60.0%
    % Foreign Born
    		1.1%83.3%
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    Mortgage and Risk — Fife Lake, MI

    According to HUD data as of 2023, there were 58 mortgage originations in Fife Lake, MI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Fife Lake, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		58
    % Conventional Loans
    		67.0%
    % Government Loans
    		33.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		16.0%
    % Cash Out Refinance
    		19.0%
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    Rentals and Section 8 — Fife Lake, MI

    Fife Lake, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % 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 BedroomN/AN/A$1,140
    3 BedroomN/AN/A$1,500
    4 BedroomN/AN/A$1,540

    Affordability — Fife Lake, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$245,000
    Median Household Income$69,600

    Fife Lake, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    South Boardman, MI

    49680

    Lake City, MI

    49651

    Kalkaska, MI

    49646

    Manton, MI

    49663

    Williamsburg, MI

    49690

    Frequently Asked Questions