Fort Gratiot, MI 48059 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fort Gratiot, MI—48059

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$254,000

4.5% YoY Growth

Household Income

$78,800

39.2% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

2.2%

Median Rent

$950

1.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$950

N/A

3-Bed Rent

$1,350

0.0% YoY Growth

Home Price Trends — Fort Gratiot, MI

As of Nov '25, the median home price in Fort Gratiot, MI is $254,000, with a year-over-year change of 4.5%. This indicates that home prices in Fort Gratiot, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$254,000	4.5%
Single Family	$251,000	4.6%
Condos	$302,000	9.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fort Gratiot, MI

As of July '25, Rentcast reports the average rent in Fort Gratiot, MI is $1,040, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Fort Gratiot, MI is studios: $830, 2-bedrooms: $950, 3-bedrooms: $1,350. The most common rental property sizes in Fort Gratiot, MI are 1-bedroom and 2-bedroom, accounting for 36.3% and 32.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,040
Studio Rent	$830	$830
1 Bed Rent	N/A	N/A
2 Bed Rent	$950	$950
3 Bed Rent	$1,350	$1,350
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.7%

1 Bedroom

36.3%

2 Bedrooms

32.8%

3 Bedrooms

22.8%

4 Bedrooms

0.5%

5+ Bedrooms

2.9%

Property Listings — Fort Gratiot, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Fort Gratiot, MI is 50. 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 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	$280,000	5.0%
Listing Count	41	8.0%
Listings as % of Homes	0.4%	8.0%
Days on Market	50	-11.0%

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Demographics — Fort Gratiot, MI

As of the latest ACS Survey released in 2023, Fort Gratiot, MI has a population of 15,400, which has increased by 2.8% over the past 5 years. Fort Gratiot, MI is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,400	2.8%
% Under 18	19.3%	-12.7%
% Seniors	25.5%	21.4%
% WFH	7.5%	212.5%
% w/ College Degree	30.1%	28.1%

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As of the latest ACS Survey released in 2023, Fort Gratiot, MI is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Fort Gratiot, MI is hispanic, making up 5.1% of the population. Foreign-born residents account for 2.2% of the population in Fort Gratiot, MI, and this percentage has decreased by 21.4% 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	90.3%	-2.9%
% Black	1.2%	-7.7%
% Hispanic	5.1%	104.0%
% Asian	0.8%	166.7%
% Foreign Born	2.2%	-21.4%

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Mortgage and Risk — Fort Gratiot, MI

According to HUD data as of 2023, there were 297 mortgage originations in Fort Gratiot, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Fort Gratiot, 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	297
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Fort Gratiot, MI

Fort Gratiot, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	74
Total Units Section 8	64
% Rentals under Section 8	5.9%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$980
2 Bedroom	$290	$950	$1,240
3 Bedroom	$170	$1,350	$1,520
4 Bedroom	N/A	N/A	$1,640

Fort Gratiot, MI—48059

Key Metrics at a Glance

Home Price Trends — Fort Gratiot, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Gratiot, MI

% of Rental Stock

Property Listings — Fort Gratiot, MI

Demographics — Fort Gratiot, MI

Race and Ethnicity

Mortgage and Risk — Fort Gratiot, MI

Mortgages

Rentals and Section 8 — Fort Gratiot, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Gratiot, MI

Home Price to Income Ratio

Fort Gratiot, MI — ZIP Code Boundary Map

Nearby ZIP Codes

North Street, MI

Jeddo, MI

Port Huron, MI

Smiths Creek, MI

Marysville, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$254,000
Median Household Income	$78,800

Fort Gratiot, MI—48059

Key Metrics at a Glance

Home Price Trends — Fort Gratiot, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Gratiot, MI

% of Rental Stock

Property Listings — Fort Gratiot, MI

Demographics — Fort Gratiot, MI

Race and Ethnicity

Mortgage and Risk — Fort Gratiot, MI

Mortgages

Rentals and Section 8 — Fort Gratiot, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Gratiot, MI

Home Price to Income Ratio

Fort Gratiot, MI — ZIP Code Boundary Map

Nearby ZIP Codes

North Street, MI

Jeddo, MI

Port Huron, MI

Smiths Creek, MI

Marysville, MI

Frequently Asked Questions

What is the average home price in Fort Gratiot, MI 48059?

How have home prices in Fort Gratiot, MI 48059 changed over the past year?

What is the home price projection for Fort Gratiot, MI 48059?

What are the demographics of Fort Gratiot, MI 48059?

How long does it take homes to sell in Fort Gratiot, MI 48059?

What is the average rent price in Fort Gratiot, MI 48059?