Negaunee, MI—49866
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Negaunee, MI
As of Oct '25, the median home price in Negaunee, MI is $226,000, with a year-over-year change of 6.9%. This indicates that home prices in Negaunee, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | 6.9% |
| Single Family | $227,000 | 7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $194,000 | 6.6% |
3 Bed | $239,000 | 6.7% |
4 Bed | $276,000 | 4.5% |
| 5 Bed | $327,000 | 2.5% |
% of Housing Stock
Rental Trends — Negaunee, MI
Negaunee, 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 — Negaunee, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Negaunee, MI is 84. This is a increase of 141.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | 49.0% |
Listing Count | 36 | 73.0% |
| Listings as % of Homes | 0.2% | 73.0% |
Days on Market | 84 | 141.0% |
Demographics — Negaunee, MI
As of the latest ACS Survey released in 2023, Negaunee, MI has a population of 8,230, which has increased by 1.7% over the past 5 years. Negaunee, MI is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,230 | 1.7% |
% Under 18 | 23.4% | -8.6% |
% Seniors | 18.3% | 13.0% |
% WFH | 9.3% | 447.1% |
% w/ College Degree | 33.7% | 12.0% |
As of the latest ACS Survey released in 2023, Negaunee, MI is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Negaunee, MI is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.6% of the population in Negaunee, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.1% | -2.4% |
% Black | 0.3% | -40.0% |
% Hispanic | 2.1% | 250.0% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 1.6% | 0.0% |
Mortgage and Risk — Negaunee, MI
According to HUD data as of 2023, there were 127 mortgage originations in Negaunee, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Negaunee, MI. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 127 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Negaunee, MI
Negaunee, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 12 |
% 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 | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Negaunee, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $226,000 |
| Median Household Income | $83,400 |