Fife Lake, MI—49633
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fife Lake, MI
As of Oct '25, the median home price in Fife Lake, MI is $232,000, with a year-over-year change of -1.3%. This indicates that home prices in Fife Lake, MI are decreasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | -1.3% |
| Single Family | $231,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 0.0% |
3 Bed | $306,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fife Lake, MI
Fife Lake, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fife Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Fife Lake, MI is 42. This is a decrease of -17.0% 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 | $374,000 | 14.0% |
Listing Count | 31 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 42 | -17.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Fife Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $232,000 |
| Median Household Income | $69,600 |