Tustin, MI 49688 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Tustin, MI—49688

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$244,000

12.1% YoY Growth

Household Income

$66,700

27.7% YoY Growth

Days on Market

54.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,200

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Tustin, MI

Tustin, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$244,000	12.1%
Single Family	$244,000	11.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Tustin, MI

Tustin, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,200
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

Loading chart...

% of Rental Stock

Studio

6.5%

1 Bedroom

3.2%

2 Bedrooms

40.3%

3 Bedrooms

33.9%

4 Bedrooms

8.9%

5+ Bedrooms

7.3%

Property Listings — Tustin, MI

As of May '26, Realtor.com reports that the median days on market for a home in Tustin, MI is 29. This is a decrease of -54.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$310,000	20.0%
Listing Count	15	-8.0%
Listings as % of Homes	0.2%	-8.0%
Days on Market	29	-54.0%

Loading chart...

Demographics — Tustin, MI

As of the latest ACS Survey released in 2023, Tustin, MI has a population of 2,440, which has decreased by -5.3% over the past 5 years. Tustin, MI is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,440	-5.3%
% Under 18	25.3%	1.6%
% Seniors	22.3%	21.9%
% WFH	3.4%	3.0%
% w/ College Degree	20.3%	10.9%

Loading chart...

As of the latest ACS Survey released in 2023, Tustin, MI is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Tustin, MI is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.6% of the population in Tustin, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.6%	-1.7%
% Black	0.2%	-71.4%
% Hispanic	0.9%	12.5%
% Asian	0.5%	66.7%
% Foreign Born	1.6%	0.0%

Loading chart...

Mortgage and Risk — Tustin, MI

According to HUD data as of 2023, there were 47 mortgage originations in Tustin, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Tustin, MI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	47
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	2.0%
% Second Loans	4.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Tustin, MI

Tustin, 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	$860
2 Bedroom	N/A	N/A	$1,120
3 Bedroom	N/A	N/A	$1,380
4 Bedroom	N/A	N/A	$1,620

Tustin, MI—49688

Key Metrics at a Glance

Home Price Trends — Tustin, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tustin, MI

% of Rental Stock

Property Listings — Tustin, MI

Demographics — Tustin, MI

Race and Ethnicity

Mortgage and Risk — Tustin, MI

Mortgages

Rentals and Section 8 — Tustin, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Tustin, MI

Home Price to Income Ratio

Tustin, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Cadillac, MI

Boon, MI

Reed City, MI

Evart, MI

Hersey, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$244,000
Median Household Income	$66,700

Tustin, MI—49688

Key Metrics at a Glance

Home Price Trends — Tustin, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tustin, MI

% of Rental Stock

Property Listings — Tustin, MI

Demographics — Tustin, MI

Race and Ethnicity

Mortgage and Risk — Tustin, MI

Mortgages

Rentals and Section 8 — Tustin, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Tustin, MI

Home Price to Income Ratio

Tustin, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Cadillac, MI

Boon, MI

Reed City, MI

Evart, MI

Hersey, MI

Frequently Asked Questions

What is the average home price in Tustin, MI 49688?

How have home prices in Tustin, MI 49688 changed over the past year?

What is the home price projection for Tustin, MI 49688?

What are the demographics of Tustin, MI 49688?

How long does it take homes to sell in Tustin, MI 49688?

What is the average rent price in Tustin, MI 49688?