Paradise, MI—49768
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise, MI
As of Oct '25, the median home price in Paradise, MI is $192,000, with a year-over-year change of -0.7%. This indicates that home prices in Paradise, MI are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | -0.7% |
| Single Family | $192,000 | -1.5% |
| 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 — Paradise, MI
Paradise, 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 — Paradise, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise, MI is 103. This is a decrease of -43.0% 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 | $320,000 | -27.0% |
Listing Count | 14 | 76.0% |
| Listings as % of Homes | 0.7% | 76.0% |
Days on Market | 103 | -43.0% |
Demographics — Paradise, MI
As of the latest ACS Survey released in 2023, Paradise, MI has a population of 359, which has decreased by -26.3% over the past 5 years. Paradise, MI is a less popular place for families, as children make up 0.8% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 359 | -26.3% |
% Under 18 | 0.8% | -97.2% |
% Seniors | 43.7% | 58.9% |
% WFH | 25.2% | 121.1% |
% w/ College Degree | 26.9% | -15.4% |
As of the latest ACS Survey released in 2023, Paradise, MI is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Paradise, MI is hispanic, making up 2.2% of the population. Foreign-born residents account for 2.8% of the population in Paradise, MI, and this percentage has increased by 250.0% 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% | -1.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.2% | 266.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.8% | 250.0% |
Mortgage and Risk — Paradise, MI
According to HUD data as of 2023, there were 18 mortgage originations in Paradise, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Paradise, MI. Investor activity is low, as 6.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 39.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Paradise, MI
Paradise, 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 | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Paradise, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $192,000 |
| Median Household Income | $67,800 |