Interlochen, MI—49643
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Interlochen, MI
As of Oct '25, the median home price in Interlochen, MI is $350,000, with a year-over-year change of 3.1%. This indicates that home prices in Interlochen, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 3.1% |
| Single Family | $350,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $291,000 | 1.7% |
3 Bed | $354,000 | 3.2% |
4 Bed | $447,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Interlochen, MI
As of July '25, Rentcast reports the average rent in Interlochen, MI is $1,280, with a year-over-year rent change of -32.3%. Per bedroom, the median rent as of July '25 in Interlochen, MI is 2-bedrooms: $900, 3-bedrooms: $1,480. The most common rental property sizes in Interlochen, MI are 2-bedroom and 3-bedroom, accounting for 57.9% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $1,400 | $1,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Interlochen, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Interlochen, MI is 50. This is a increase of 32.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 15.0% |
Listing Count | 31 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 50 | 32.0% |
Demographics — Interlochen, MI
As of the latest ACS Survey released in 2023, Interlochen, MI has a population of 7,490, which has increased by 15.0% over the past 5 years. Interlochen, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 32.5% 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 | 7,490 | 15.0% |
% Under 18 | 20.4% | 22.9% |
% Seniors | 16.8% | 15.1% |
% WFH | 19.2% | 308.5% |
% w/ College Degree | 32.5% | 50.5% |
As of the latest ACS Survey released in 2023, Interlochen, MI is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Interlochen, MI is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.5% of the population in Interlochen, MI, and this percentage has increased by 50.0% 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% | -4.0% |
% Black | 0.6% | 20.0% |
% Hispanic | 2.8% | 211.1% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 1.5% | 50.0% |
Mortgage and Risk — Interlochen, MI
According to HUD data as of 2023, there were 52 mortgage originations in Interlochen, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Interlochen, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Interlochen, MI
Interlochen, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $990 |
| 2 Bedroom | $350 | $900 | $1,250 |
| 3 Bedroom | $140 | $1,400 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Interlochen, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $350,000 |
| Median Household Income | $81,100 |