Pleasant Ridge, MI 48069 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pleasant Ridge, MI—48069

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$463,000

1.4% YoY Growth

Household Income

$161,000

38.1% YoY Growth

Days on Market

18.0% Shorter YoY

Home Price Forecast

2.3%

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 — Pleasant Ridge, MI

As of Nov '25, the median home price in Pleasant Ridge, MI is $463,000, with a year-over-year change of 1.4%. This indicates that home prices in Pleasant Ridge, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$463,000	1.4%
Single Family	$466,000	1.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,760
Studio Rent	N/A	N/A
1 Bed Rent	$995	$995
2 Bed Rent	$1,700	$1,700
3 Bed Rent	$2,000	$2,300
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

9.3%

2 Bedrooms

51.9%

3 Bedrooms

38.9%

Property Listings — Pleasant Ridge, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Pleasant Ridge, MI is 31. This is a decrease of -18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$810,000	68.0%
Listing Count	7	-33.0%
Listings as % of Homes	0.4%	-33.0%
Days on Market	31	-18.0%

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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.

Metric	Latest Census	YoY % Change
Population	2,610	9.1%
% Under 18	18.6%	-8.4%
% Seniors	17.9%	1.7%
% WFH	30.6%	222.1%
% w/ College Degree	79.9%	12.2%

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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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$645	$995	$1,640
2 Bedroom	$370	$1,700	$2,070
3 Bedroom	$540	$2,000	$2,540
4 Bedroom	N/A	N/A	$2,740

Pleasant Ridge, MI—48069

Key Metrics at a Glance

Home Price Trends — Pleasant Ridge, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pleasant Ridge, MI

% of Rental Stock

Property Listings — Pleasant Ridge, MI

Demographics — Pleasant Ridge, MI

Race and Ethnicity

Mortgage and Risk — Pleasant Ridge, MI

Mortgages

Rentals and Section 8 — Pleasant Ridge, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Pleasant Ridge, MI

Home Price to Income Ratio

Pleasant Ridge, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ferndale, MI

Royal Oak, MI

Huntington Woods, MI

Oak Park, MI

University District, Detroit, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$463,000
Median Household Income	$161,000

Pleasant Ridge, MI—48069

Key Metrics at a Glance

Home Price Trends — Pleasant Ridge, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pleasant Ridge, MI

% of Rental Stock

Property Listings — Pleasant Ridge, MI

Demographics — Pleasant Ridge, MI

Race and Ethnicity

Mortgage and Risk — Pleasant Ridge, MI

Mortgages

Rentals and Section 8 — Pleasant Ridge, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Pleasant Ridge, MI

Home Price to Income Ratio

Pleasant Ridge, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ferndale, MI

Royal Oak, MI

Huntington Woods, MI

Oak Park, MI

University District, Detroit, MI

Frequently Asked Questions

What is the average home price in Pleasant Ridge, MI 48069?

How have home prices in Pleasant Ridge, MI 48069 changed over the past year?

What is the home price projection for Pleasant Ridge, MI 48069?

What are the demographics of Pleasant Ridge, MI 48069?

How long does it take homes to sell in Pleasant Ridge, MI 48069?

What is the average rent price in Pleasant Ridge, MI 48069?