Bark River, MI—49807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bark River, MI
As of Oct '25, the median home price in Bark River, MI is $212,000, with a year-over-year change of 3.6%. This indicates that home prices in Bark River, MI are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 3.6% |
| Single Family | $211,000 | 2.4% |
| 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 — Bark River, MI
As of July '25, Rentcast reports the average rent in Bark River, MI is $1,000, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bark River, MI is 2-bedrooms: $1,000. The most common rental property sizes in Bark River, MI are 2-bedroom and 1-bedroom, accounting for 42.6% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bark River, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bark River, MI is 51. This is a decrease of -44.0% 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 | $504,000 | 62.0% |
Listing Count | 7 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 51 | -44.0% |
Demographics — Bark River, MI
As of the latest ACS Survey released in 2023, Bark River, MI has a population of 3,120, which has decreased by -10.2% over the past 5 years. Bark River, MI is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,120 | -10.2% |
% Under 18 | 17.5% | -21.9% |
% Seniors | 26.4% | 54.4% |
% WFH | 6.1% | 577.8% |
% w/ College Degree | 21.7% | 13.0% |
As of the latest ACS Survey released in 2023, Bark River, MI is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Bark River, MI is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.6% of the population in Bark River, MI, and this percentage has decreased by 50.0% 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 | 92.4% | -2.0% |
% Black | 0.4% | 300.0% |
% Hispanic | 2.6% | 271.4% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 0.6% | -50.0% |
Mortgage and Risk — Bark River, MI
According to HUD data as of 2023, there were 24 mortgage originations in Bark River, MI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Bark River, MI. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Bark River, MI
Bark River, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $720 |
| 2 Bedroom | -$60 | $1,000 | $940 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Bark River, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $212,000 |
| Median Household Income | $70,700 |