Yale, MI—48097
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Yale, MI
As of Oct '25, the median home price in Yale, MI is $240,000, with a year-over-year change of 0.6%. This indicates that home prices in Yale, MI are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 0.6% |
| Single Family | $241,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 1.7% |
3 Bed | $243,000 | 1.7% |
4 Bed | $265,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Yale, MI
As of July '25, Rentcast reports the average rent in Yale, MI is $1,080, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Yale, MI is 1-bedrooms: $1,060, 2-bedrooms: $1,200. The most common rental property sizes in Yale, MI are 3-bedroom and 2-bedroom, accounting for 34.1% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,060 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Yale, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Yale, MI is 64. This is a increase of 31.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $207,000 | 6.0% |
Listing Count | 19 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 64 | 31.0% |
Demographics — Yale, MI
As of the latest ACS Survey released in 2023, Yale, MI has a population of 5,400, which has increased by 1.8% over the past 5 years. Yale, MI is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,400 | 1.8% |
% Under 18 | 20.9% | -10.3% |
% Seniors | 16.4% | 2.5% |
% WFH | 4.6% | 130.0% |
% w/ College Degree | 11.9% | -4.0% |
As of the latest ACS Survey released in 2023, Yale, MI is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Yale, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.3% of the population in Yale, MI, and this percentage has decreased by 18.8% 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 | 94.9% | -0.5% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.9% | 38.1% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 1.3% | -18.8% |
Mortgage and Risk — Yale, MI
According to HUD data as of 2023, there were 89 mortgage originations in Yale, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Yale, MI. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Yale, MI
Yale, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,000 | $920 |
| 2 Bedroom | -$30 | $1,200 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Yale, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $240,000 |
| Median Household Income | $58,200 |