Pelkie, MI—49958
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelkie, MI
As of Oct '25, the median home price in Pelkie, MI is $135,000, with a year-over-year change of -3.7%. This indicates that home prices in Pelkie, MI are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | -3.7% |
| Single Family | $135,000 | -2.9% |
| 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 — Pelkie, MI
Pelkie, 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 — Pelkie, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelkie, MI is 98. This is a increase of 39.0% 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 | $140,000 | -47.0% |
Listing Count | 6 | 39.0% |
| Listings as % of Homes | N/A | 39.0% |
Days on Market | 98 | 39.0% |
Demographics — Pelkie, MI
As of the latest ACS Survey released in 2023, Pelkie, MI has a population of 900, which has increased by 7.1% over the past 5 years. Pelkie, MI is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 900 | 7.1% |
% Under 18 | 20.2% | -6.9% |
% Seniors | 19.4% | 28.5% |
% WFH | 0.7% | 250.0% |
% w/ College Degree | 19.5% | -28.0% |
Pelkie, MI lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.9% | -8.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Pelkie, MI
Pelkie, 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 — Pelkie, MI
Pelkie, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $960 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Pelkie, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $135,000 |
| Median Household Income | $42,100 |