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Skandia, MI—49885

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$222,000
5.8% YoY Growth
Household Income
$75,400
24.6% YoY Growth
Days on Market
233
117.0% Longer YoY
Home Price Forecast
3.3%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Skandia, MI

As of Dec '25, the median home price in Skandia, MI is $222,000, with a year-over-year change of 5.8%. This indicates that home prices in Skandia, MI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$222,0005.8%
Single Family $222,0006.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$210,0004.5%
    3 Bed
    		$242,0005.2%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    10.5%
    2 Bedrooms
    22.0%
    3 Bedrooms
    47.7%
    4 Bedrooms
    12.7%
    5+ Bedrooms
    5.7%

    Rental Trends — Skandia, MI

    Skandia, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    5.9%
    2 Bedrooms
    50.0%
    3 Bedrooms
    14.7%
    4 Bedrooms
    29.4%

    Property Listings — Skandia, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Skandia, MI is 102. This is a increase of 46.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$115,000-53.0%
    Listing Count
    		48.0%
    Listings as % of Homes0.5%8.0%
    Days on Market
    		233117.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Skandia, MI

    Skandia, MI lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$890
    2 BedroomN/AN/A$1,050
    3 BedroomN/AN/A$1,260
    4 BedroomN/AN/A$1,660

    Affordability — Skandia, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$222,000
    Median Household Income$75,400

    Skandia, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Cedar Bank

    49833

    Deerton, MI

    49822

    Rock, MI

    49880

    Gwinn, MI

    49841

    Marquette, MI

    49855

    Frequently Asked Questions