Sault Sainte Marie, MI—49783
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sault Sainte Marie, MI
As of Oct '25, the median home price in Sault Sainte Marie, MI is $183,000, with a year-over-year change of -2.8%. This indicates that home prices in Sault Sainte Marie, MI are decreasing. 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 | $183,000 | -2.8% |
| Single Family | $183,000 | -2.7% |
| 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 | $202,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sault Sainte Marie, MI
As of July '25, Rentcast reports the average rent in Sault Sainte Marie, MI is $1,220, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Sault Sainte Marie, MI is 2-bedrooms: $931, 3-bedrooms: $2,100. The most common rental property sizes in Sault Sainte Marie, MI are 2-bedroom and 1-bedroom, accounting for 38.0% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,020 | $931 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sault Sainte Marie, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sault Sainte Marie, MI is 56. This is a decrease of -4.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -12.0% |
Listing Count | 79 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 56 | -4.0% |
Demographics — Sault Sainte Marie, MI
As of the latest ACS Survey released in 2023, Sault Sainte Marie, MI has a population of 18,800, which has decreased by -2.7% over the past 5 years. Sault Sainte Marie, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | -2.7% |
% Under 18 | 18.7% | 0.5% |
% Seniors | 18.5% | 6.3% |
% WFH | 6.4% | 120.7% |
% w/ College Degree | 24.0% | -10.4% |
As of the latest ACS Survey released in 2023, Sault Sainte Marie, MI is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Sault Sainte Marie, MI is hispanic, making up 1.9% of the population. Foreign-born residents account for 4.5% of the population in Sault Sainte Marie, MI, and this percentage has increased by 21.6% 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 | 70.2% | -3.6% |
% Black | 0.8% | -73.3% |
% Hispanic | 1.9% | 18.8% |
% Asian | 0.8% | -38.5% |
% Foreign Born | 4.5% | 21.6% |
Mortgage and Risk — Sault Sainte Marie, MI
According to HUD data as of 2023, there were 168 mortgage originations in Sault Sainte Marie, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Sault Sainte Marie, MI. Investor activity is low, as 3.0% 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 | 168 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sault Sainte Marie, MI
Sault Sainte Marie, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 579 |
Total Units Section 8 | 317 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $20 | $1,020 | $1,040 |
| 3 Bedroom | -$850 | $2,100 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Sault Sainte Marie, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $183,000 |
| Median Household Income | $59,800 |