Skandia, MI—49885
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Skandia, MI
As of Oct '25, the median home price in Skandia, MI is $221,000, with a year-over-year change of 5.1%. This indicates that home prices in Skandia, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 5.1% |
| Single Family | $221,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 4.9% |
3 Bed | $244,000 | 4.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Skandia, MI
Skandia, 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 — Skandia, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Skandia, MI is 70. This is a increase of 74.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -37.0% |
Listing Count | 5 | 27.0% |
| Listings as % of Homes | 0.5% | 27.0% |
Days on Market | 70 | 74.0% |
Demographics — Skandia, MI
As of the latest ACS Survey released in 2023, Skandia, MI has a population of 1,800, which has decreased by -22.5% over the past 5 years. Skandia, MI is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,800 | -22.5% |
% Under 18 | 18.2% | 9.6% |
% Seniors | 25.0% | 48.8% |
% WFH | 4.2% | -38.2% |
% w/ College Degree | 38.9% | 64.1% |
As of the latest ACS Survey released in 2023, Skandia, MI is a predominantly white area, with 93.9% 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 Skandia, MI is asian, making up 1.3% of the population. Foreign-born residents account for 0.9% of the population in Skandia, MI, and this percentage has increased by 80.0% 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 | 93.9% | 1.7% |
% Black | 0.1% | -87.5% |
% Hispanic | 0.6% | -33.3% |
% Asian | 1.3% | 62.5% |
% Foreign Born | 0.9% | 80.0% |
Mortgage and Risk — Skandia, MI
Skandia, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Skandia, MI
Skandia, 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 | $890 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Skandia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $221,000 |
| Median Household Income | $75,400 |