Republic, MI—49879
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Republic, MI
As of Oct '25, the median home price in Republic, MI is $162,000, with a year-over-year change of 5.1%. This indicates that home prices in Republic, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | 5.1% |
| Single Family | $162,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $164,000 | 3.1% |
2 Bed | $156,000 | 5.4% |
3 Bed | $179,000 | 10.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Republic, MI
Republic, 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 — Republic, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Republic, MI is 98. This is a decrease of -52.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | -29.0% |
Listing Count | 11 | 27.0% |
| Listings as % of Homes | 0.9% | 27.0% |
Days on Market | 98 | -52.0% |
Demographics — Republic, MI
As of the latest ACS Survey released in 2023, Republic, MI has a population of 1,100, which has increased by 18.1% over the past 5 years. Republic, MI is a less popular place for families, as children make up 13.2% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,100 | 18.1% |
% Under 18 | 13.2% | -21.0% |
% Seniors | 31.6% | -0.3% |
% WFH | 11.2% | 387.0% |
% w/ College Degree | 16.6% | -29.1% |
As of the latest ACS Survey released in 2023, Republic, MI is a predominantly white area, with 97.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Republic, MI is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.4% of the population in Republic, MI, and this percentage has decreased by 33.3% 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 | 97.9% | 1.7% |
% Black | 0.0% | N/A |
% Hispanic | 1.2% | -45.5% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.4% | -33.3% |
Mortgage and Risk — Republic, MI
According to HUD data as of 2023, there were 43 mortgage originations in Republic, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Republic, MI. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 5.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Republic, MI
Republic, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% 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 | $890 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Republic, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $162,000 |
| Median Household Income | $52,200 |