Forster, MI 48028 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Forster, MI—48028

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$306,000

1.0% YoY Growth

Household Income

$107,000

94.1% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Forster, MI

As of Nov '25, the median home price in Forster, MI is $306,000, with a year-over-year change of 1.0%. This indicates that home prices in Forster, MI are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$306,000	1.0%
Single Family	$313,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Forster, MI

Forster, 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

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% of Rental Stock

4 Bedrooms

100.0%

Property Listings — Forster, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Forster, MI is 67. This is a decrease of -20.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	-10.0%
Listing Count	15	43.0%
Listings as % of Homes	0.7%	43.0%
Days on Market	67	-20.0%

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Demographics — Forster, MI

As of the latest ACS Survey released in 2023, Forster, MI has a population of 1,060, which has increased by 2.7% over the past 5 years. Forster, MI is a less popular place for families, as children make up 2.6% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,060	2.7%
% Under 18	2.6%	-46.9%
% Seniors	47.9%	-10.5%
% WFH	12.5%	101.6%
% w/ College Degree	32.5%	21.3%

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As of the latest ACS Survey released in 2023, Forster, MI is a predominantly white area, with 99.3% 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 Forster, MI is black, making up 0.0% of the population. Foreign-born residents account for 1.3% of the population in Forster, MI, and this percentage has increased by 30.0% 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	99.3%	1.7%
% Black	0.0%	N/A
% Hispanic	0.0%	N/A
% Asian	0.0%	N/A
% Foreign Born	1.3%	30.0%

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Mortgage and Risk — Forster, MI

According to HUD data as of 2023, there were 30 mortgage originations in Forster, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Forster, MI. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	30
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	7.0%
% Second Loans	40.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Forster, MI

Forster, 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	$960
2 Bedroom	N/A	N/A	$1,210
3 Bedroom	N/A	N/A	$1,480
4 Bedroom	N/A	N/A	$1,600

Forster, MI—48028

Key Metrics at a Glance

Home Price Trends — Forster, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forster, MI

% of Rental Stock

Property Listings — Forster, MI

Demographics — Forster, MI

Race and Ethnicity

Mortgage and Risk — Forster, MI

Mortgages

Rentals and Section 8 — Forster, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Forster, MI

Home Price to Income Ratio

Forster, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Algonac, MI

Fair Haven, MI

Marine City, MI

Chesterfield, MI

Casco, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$306,000
Median Household Income	$107,000

Forster, MI—48028

Key Metrics at a Glance

Home Price Trends — Forster, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forster, MI

% of Rental Stock

Property Listings — Forster, MI

Demographics — Forster, MI

Race and Ethnicity

Mortgage and Risk — Forster, MI

Mortgages

Rentals and Section 8 — Forster, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Forster, MI

Home Price to Income Ratio

Forster, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Algonac, MI

Fair Haven, MI

Marine City, MI

Chesterfield, MI

Casco, MI

Frequently Asked Questions

What is the average home price in Forster, MI 48028?

How have home prices in Forster, MI 48028 changed over the past year?

What is the home price projection for Forster, MI 48028?

What are the demographics of Forster, MI 48028?

How long does it take homes to sell in Forster, MI 48028?

What is the average rent price in Forster, MI 48028?