Indiantown, MI—49896
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indiantown, MI
Indiantown, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Indiantown, MI
Indiantown, 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 — Indiantown, MI
Indiantown, MI lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Indiantown, MI
As of the latest ACS Survey released in 2023, Indiantown, MI has a population of 1,720, which has remained stable by 0.3% over the past 5 years. Indiantown, MI is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,720 | 0.3% |
% Under 18 | 27.0% | 4.7% |
% Seniors | 16.8% | 35.5% |
% WFH | 3.2% | -50.0% |
% w/ College Degree | 17.2% | 44.5% |
As of the latest ACS Survey released in 2023, Indiantown, MI is a predominantly white area, with 59.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Indiantown, MI is hispanic, making up 4.4% of the population. Foreign-born residents account for 2.2% of the population in Indiantown, MI, and this percentage has increased by 175.0% 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 | 59.8% | -6.4% |
% Black | 1.6% | ∞% |
% Hispanic | 4.4% | 76.0% |
% Asian | 1.6% | -20.0% |
% Foreign Born | 2.2% | 175.0% |
Mortgage and Risk — Indiantown, MI
According to HUD data as of 2023, there were 24 mortgage originations in Indiantown, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Indiantown, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Indiantown, MI
Indiantown, 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 | $750 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Indiantown, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $57,000 |