North Street, MI 48049 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Street, MI—48049

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$275,000

3.6% YoY Growth

Household Income

$86,200

37.4% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,100

7.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,100

7.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — North Street, MI

As of Nov '25, the median home price in North Street, MI is $275,000, with a year-over-year change of 3.6%. This indicates that home prices in North Street, MI are increasing. 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	$275,000	3.6%
Single Family	$275,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Street, MI

As of July '25, Rentcast reports the average rent in North Street, MI is $1,100, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in North Street, MI is 2-bedrooms: $1,100. The most common rental property sizes in North Street, MI are 2-bedroom and 3-bedroom, accounting for 48.2% and 26.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,100
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,100	$1,100
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

48.2%

3 Bedrooms

26.1%

4 Bedrooms

25.7%

Property Listings — North Street, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in North Street, MI is 54. This is a increase of 12.0% 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 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	$450,000	23.0%
Listing Count	12	-32.0%
Listings as % of Homes	0.3%	-32.0%
Days on Market	54	12.0%

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Demographics — North Street, MI

As of the latest ACS Survey released in 2023, North Street, MI has a population of 5,480, which has remained stable by 0.2% over the past 5 years. North Street, MI is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,480	0.2%
% Under 18	18.6%	-4.6%
% Seniors	21.1%	12.8%
% WFH	4.4%	25.7%
% w/ College Degree	22.6%	4.1%

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As of the latest ACS Survey released in 2023, North Street, MI is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in North Street, MI is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.5% of the population in North Street, MI, and this percentage has increased by 275.0% 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	96.3%	-0.4%
% Black	0.1%	-83.3%
% Hispanic	1.4%	-22.2%
% Asian	0.2%	100.0%
% Foreign Born	1.5%	275.0%

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Mortgage and Risk — North Street, MI

According to HUD data as of 2023, there were 115 mortgage originations in North Street, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in North Street, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	115
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — North Street, MI

North Street, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	0.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$990
2 Bedroom	$150	$1,100	$1,250
3 Bedroom	N/A	N/A	$1,530
4 Bedroom	N/A	N/A	$1,660

North Street, MI—48049

Key Metrics at a Glance

Home Price Trends — North Street, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Street, MI

% of Rental Stock

Property Listings — North Street, MI

Demographics — North Street, MI

Race and Ethnicity

Mortgage and Risk — North Street, MI

Mortgages

Rentals and Section 8 — North Street, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — North Street, MI

Home Price to Income Ratio

North Street, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Smiths Creek, MI

Fort Gratiot, MI

Jeddo, MI

Port Huron, MI

Avoca, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$275,000
Median Household Income	$86,200

North Street, MI—48049

Key Metrics at a Glance

Home Price Trends — North Street, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Street, MI

% of Rental Stock

Property Listings — North Street, MI

Demographics — North Street, MI

Race and Ethnicity

Mortgage and Risk — North Street, MI

Mortgages

Rentals and Section 8 — North Street, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — North Street, MI

Home Price to Income Ratio

North Street, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Smiths Creek, MI

Fort Gratiot, MI

Jeddo, MI

Port Huron, MI

Avoca, MI

Frequently Asked Questions

What is the average home price in North Street, MI 48049?

How have home prices in North Street, MI 48049 changed over the past year?

What is the home price projection for North Street, MI 48049?

What are the demographics of North Street, MI 48049?

How long does it take homes to sell in North Street, MI 48049?

What is the average rent price in North Street, MI 48049?