Emmett, MI—48022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Emmett, MI
As of Oct '25, the median home price in Emmett, MI is $317,000, with a year-over-year change of 1.9%. This indicates that home prices in Emmett, MI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 1.9% |
| Single Family | $317,000 | 2.3% |
| 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 | $312,000 | 0.6% |
4 Bed | $368,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Emmett, MI
Emmett, 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 — Emmett, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Emmett, MI is 66. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -6.0% |
Listing Count | 7 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 66 | 1.0% |
Demographics — Emmett, MI
As of the latest ACS Survey released in 2023, Emmett, MI has a population of 2,520, which has decreased by -3.6% over the past 5 years. Emmett, MI is a less popular place for families, as children make up 14.8% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,520 | -3.6% |
% Under 18 | 14.8% | -37.0% |
% Seniors | 21.6% | 60.0% |
% WFH | 5.0% | 233.3% |
% w/ College Degree | 11.3% | -8.9% |
As of the latest ACS Survey released in 2023, Emmett, MI is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Emmett, MI is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.5% of the population in Emmett, MI, and this percentage has decreased by 58.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.6% | 2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.7% | -80.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | -58.3% |
Mortgage and Risk — Emmett, MI
According to HUD data as of 2023, there were 62 mortgage originations in Emmett, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Emmett, MI. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Emmett, MI
Emmett, 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 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Emmett, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $317,000 |
| Median Household Income | $89,700 |