Hillman, MI 49746 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hillman, MI—49746

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$181,000

0.9% YoY Growth

Household Income

$47,800

8.5% YoY Growth

Days on Market

94

16.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$463

69.1% YoY Growth

1-Bed Rent

$463

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Hillman, MI

Hillman, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$181,000	-0.9%
Single Family	$181,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

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

Rental Trends — Hillman, MI

As of July '25, Rentcast reports the average rent in Hillman, MI is $463, with a year-over-year rent change of -69.1%. Per bedroom, the median rent as of July '25 in Hillman, MI is 1-bedrooms: $463. The most common rental property sizes in Hillman, MI are 2-bedroom and 1-bedroom, accounting for 35.2% and 29.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$463	$463
Studio Rent	N/A	N/A
1 Bed Rent	$463	$463
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

1.9%

1 Bedroom

29.9%

2 Bedrooms

35.2%

3 Bedrooms

28.8%

4 Bedrooms

3.0%

5+ Bedrooms

1.1%

Property Listings — Hillman, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Hillman, MI is 68. This is a decrease of -24.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$206,000	-11.0%
Listing Count	21	8.0%
Listings as % of Homes	0.5%	8.0%
Days on Market	94	-16.0%

Loading chart...

Demographics — Hillman, MI

As of the latest ACS Survey released in 2023, Hillman, MI has a population of 3,500, which has increased by 5.6% over the past 5 years. Hillman, MI is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,500	5.6%
% Under 18	18.2%	20.5%
% Seniors	29.6%	-0.7%
% WFH	5.7%	26.7%
% w/ College Degree	13.2%	-11.4%

Loading chart...

As of the latest ACS Survey released in 2023, Hillman, MI is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Hillman, MI is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.1% of the population in Hillman, MI, and this percentage has decreased by 31.2% 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	95.0%	-2.5%
% Black	0.3%	-40.0%
% Hispanic	1.5%	50.0%
% Asian	0.1%	-50.0%
% Foreign Born	1.1%	-31.2%

Loading chart...

Mortgage and Risk — Hillman, MI

According to HUD data as of 2023, there were 94 mortgage originations in Hillman, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Hillman, MI. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	94
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	0.0%
% Second Loans	11.0%
% Cash Out Refinance	20.0%

Loading chart...

Rentals and Section 8 — Hillman, MI

Hillman, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	43
Total Units Section 8	43
% Rentals under Section 8	N/A
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$377	$463	$840
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,300
4 Bedroom	N/A	N/A	$1,390

Hillman, MI—49746

Key Metrics at a Glance

Home Price Trends — Hillman, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hillman, MI

% of Rental Stock

Property Listings — Hillman, MI

Demographics — Hillman, MI

Race and Ethnicity

Mortgage and Risk — Hillman, MI

Mortgages

Rentals and Section 8 — Hillman, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hillman, MI

Home Price to Income Ratio

Hillman, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lachine, MI

Herron, MI

Posen, MI

Hubbard Lake, MI

Alpena, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$181,000
Median Household Income	$47,800

Hillman, MI—49746

Key Metrics at a Glance

Home Price Trends — Hillman, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hillman, MI

% of Rental Stock

Property Listings — Hillman, MI

Demographics — Hillman, MI

Race and Ethnicity

Mortgage and Risk — Hillman, MI

Mortgages

Rentals and Section 8 — Hillman, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hillman, MI

Home Price to Income Ratio

Hillman, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lachine, MI

Herron, MI

Posen, MI

Hubbard Lake, MI

Alpena, MI

Frequently Asked Questions

What is the average home price in Hillman, MI 49746?

How have home prices in Hillman, MI 49746 changed over the past year?

What is the home price projection for Hillman, MI 49746?

What are the demographics of Hillman, MI 49746?

How long does it take homes to sell in Hillman, MI 49746?

What is the average rent price in Hillman, MI 49746?