Eastpointe, MI—48021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eastpointe, MI
As of Oct '25, the median home price in Eastpointe, MI is $153,000, with a year-over-year change of 5.1%. This indicates that home prices in Eastpointe, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | 5.1% |
| Single Family | $153,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | 3.3% |
3 Bed | $161,000 | 4.5% |
4 Bed | $180,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eastpointe, MI
As of July '25, Rentcast reports the average rent in Eastpointe, MI is $1,320, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Eastpointe, MI is 1-bedrooms: $985, 2-bedrooms: $1,270, 3-bedrooms: $1,410, 4-bedrooms: $1,700. The most common rental property sizes in Eastpointe, MI are 3-bedroom and 2-bedroom, accounting for 57.2% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $985 |
| 2 Bed Rent | $1,200 | $1,270 |
| 3 Bed Rent | $1,400 | $1,410 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Eastpointe, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Eastpointe, MI is 32. This is a decrease of -11.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | 7.0% |
Listing Count | 171 | 18.0% |
| Listings as % of Homes | 0.8% | 18.0% |
Days on Market | 32 | -11.0% |
Demographics — Eastpointe, MI
As of the latest ACS Survey released in 2023, Eastpointe, MI has a population of 34,000, which has increased by 4.7% over the past 5 years. Eastpointe, MI is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,000 | 4.7% |
% Under 18 | 23.0% | -7.6% |
% Seniors | 13.2% | 22.2% |
% WFH | 9.3% | 158.3% |
% w/ College Degree | 14.8% | 0.0% |
As of the latest ACS Survey released in 2023, Eastpointe, MI is a predominantly black area, with 53.1% of the population identifying as black. The black population has grown by 7.7% in the last 5 years. The second most common race or ethnicity in Eastpointe, MI is white, making up 38.5% of the population. Foreign-born residents account for 2.9% of the population in Eastpointe, MI, and this percentage has increased by 16.0% 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 | 38.5% | -12.3% |
% Black | 53.1% | 7.7% |
% Hispanic | 0.9% | -50.0% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 2.9% | 16.0% |
Mortgage and Risk — Eastpointe, MI
According to HUD data as of 2023, there were 713 mortgage originations in Eastpointe, MI, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Eastpointe, MI. Investor activity is low, as 3.0% 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 | 713 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Eastpointe, MI
As of 2024, the percent of homes in Eastpointe, MI under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Eastpointe, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 834 |
Total Units Section 8 | 670 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $205 | $975 | $1,180 |
| 2 Bedroom | $290 | $1,200 | $1,490 |
| 3 Bedroom | $430 | $1,400 | $1,830 |
| 4 Bedroom | $280 | $1,700 | $1,980 |
Affordability — Eastpointe, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $153,000 |
| Median Household Income | $58,200 |