Wellston, MI—49689
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wellston, MI
Wellston, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | -1.2% |
| Single Family | $152,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wellston, MI
Wellston, 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 — Wellston, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wellston, MI is 80. This is a increase of 30.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 33.0% |
Listing Count | 19 | -20.0% |
| Listings as % of Homes | 0.4% | -20.0% |
Days on Market | 80 | 30.0% |
Demographics — Wellston, MI
As of the latest ACS Survey released in 2023, Wellston, MI has a population of 1,790, which has increased by 26.3% over the past 5 years. Wellston, MI is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,790 | 26.3% |
% Under 18 | 18.1% | 17.5% |
% Seniors | 21.8% | -22.4% |
% WFH | 18.7% | 466.7% |
% w/ College Degree | 21.8% | 73.0% |
As of the latest ACS Survey released in 2023, Wellston, MI is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Wellston, MI is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.5% of the population in Wellston, MI, and this percentage has decreased by 72.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.9% | -5.5% |
% Black | 1.4% | ∞% |
% Hispanic | 3.2% | 255.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -72.2% |
Mortgage and Risk — Wellston, MI
According to HUD data as of 2023, there were 38 mortgage originations in Wellston, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Wellston, MI. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wellston, MI
Wellston, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Wellston, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $152,000 |
| Median Household Income | $62,100 |