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  4. /Pleasant Ridge, MI - 48069

Pleasant Ridge, MI—48069

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$495,000
4.5% YoY Growth
Household Income
$161,000
38.1% YoY Growth
Days on Market
26
122.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,700
49.7% YoY Growth
1-Bed Rent
$995
N/A
2-Bed Rent
$1,700
N/A
3-Bed Rent
$2,000
34.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Pleasant Ridge, MI

As of May '26, the median home price in Pleasant Ridge, MI is $495,000, with a year-over-year change of 4.5%. This indicates that home prices in Pleasant Ridge, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$495,0004.5%
Single Family $497,0004.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$324,0000.6%
    3 Bed
    		$458,0004.3%
    4 Bed
    		$642,0006.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.4%
    2 Bedrooms
    14.2%
    3 Bedrooms
    51.0%
    4 Bedrooms
    25.7%
    5+ Bedrooms
    8.7%

    Rental Trends — Pleasant Ridge, MI

    As of July '25, Rentcast reports the average rent in Pleasant Ridge, MI is $1,760, with a year-over-year rent change of -49.7%. Per bedroom, the median rent as of July '25 in Pleasant Ridge, MI is 1-bedrooms: $995, 2-bedrooms: $1,700, 3-bedrooms: $2,300. The most common rental property sizes in Pleasant Ridge, MI are 2-bedroom and 3-bedroom, accounting for 51.9% and 38.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,760
    Studio Rent N/AN/A
    1 Bed Rent $995$995
    2 Bed Rent $1,700$1,700
    3 Bed Rent $2,000$2,300
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    9.3%
    2 Bedrooms
    51.9%
    3 Bedrooms
    38.9%

    Property Listings — Pleasant Ridge, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Pleasant Ridge, MI is 26. This is a increase of 122.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$735,00011.0%
    Listing Count
    		1029.0%
    Listings as % of Homes0.4%29.0%
    Days on Market
    		26122.0%
    Loading chart...

    Demographics — Pleasant Ridge, MI

    As of the latest ACS Survey released in 2023, Pleasant Ridge, MI has a population of 2,610, which has increased by 9.1% over the past 5 years. Pleasant Ridge, MI is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 79.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,6109.1%
    % Under 18
    		18.6%-8.4%
    % Seniors
    		17.9%1.7%
    % WFH
    		30.6%222.1%
    % w/ College Degree
    		79.9%12.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Pleasant Ridge, MI is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Pleasant Ridge, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 6.7% of the population in Pleasant Ridge, MI, and this percentage has decreased by 15.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.1%-0.6%
    % Black
    		1.1%-47.6%
    % Hispanic
    		3.4%21.4%
    % Asian
    		2.5%19.0%
    % Foreign Born
    		6.7%-15.2%
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    Mortgage and Risk — Pleasant Ridge, MI

    According to HUD data as of 2023, there were 76 mortgage originations in Pleasant Ridge, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Pleasant Ridge, MI. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		76
    % Conventional Loans
    		97.0%
    % Government Loans
    		3.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Pleasant Ridge, MI

    Pleasant Ridge, 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$645$995$1,640
    2 Bedroom$370$1,700$2,070
    3 Bedroom$540$2,000$2,540
    4 BedroomN/AN/A$2,740

    Affordability — Pleasant Ridge, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$495,000
    Median Household Income$161,000

    Pleasant Ridge, MI — ZIP Code Boundary Map

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    Frequently Asked Questions