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  4. /Dundee, MI - 48131

Dundee, MI—48131

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$302,000
4.7% YoY Growth
Household Income
$81,400
35.0% YoY Growth
Days on Market
31
105.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$945
4.1% YoY Growth
1-Bed Rent
$795
8.4% YoY Growth
2-Bed Rent
$945
33.3% YoY Growth
3-Bed Rent
$1,850
13.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Dundee, MI

As of May '26, the median home price in Dundee, MI is $302,000, with a year-over-year change of 4.7%. This indicates that home prices in Dundee, 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 TypeMedian Home ValueYoY % Change
All Homes
$302,0004.7%
Single Family $299,0004.5%
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
    		$207,0008.9%
    3 Bed
    		$313,0005.4%
    4 Bed
    		$375,0004.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    9.6%
    2 Bedrooms
    24.6%
    3 Bedrooms
    42.4%
    4 Bedrooms
    20.3%
    5+ Bedrooms
    2.3%

    Rental Trends — Dundee, MI

    As of July '25, Rentcast reports the average rent in Dundee, MI is $1,160, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Dundee, MI is 1-bedrooms: $811, 2-bedrooms: $1,220, 3-bedrooms: $2,180. The most common rental property sizes in Dundee, MI are 2-bedroom and 1-bedroom, accounting for 55.5% and 31.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$945$1,160
    Studio Rent N/AN/A
    1 Bed Rent $795$811
    2 Bed Rent $945$1,220
    3 Bed Rent $1,850$2,180
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    31.5%
    2 Bedrooms
    55.5%
    3 Bedrooms
    12.4%
    4 Bedrooms
    0.5%

    Property Listings — Dundee, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Dundee, MI is 31. This is a increase of 105.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$390,0001.0%
    Listing Count
    		309.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		31105.0%
    Loading chart...

    Demographics — Dundee, MI

    As of the latest ACS Survey released in 2023, Dundee, MI has a population of 8,310, which has increased by 18.9% over the past 5 years. Dundee, MI is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,31018.9%
    % Under 18
    		21.4%-0.9%
    % Seniors
    		13.4%-15.2%
    % WFH
    		7.4%252.4%
    % w/ College Degree
    		32.7%50.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, Dundee, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Dundee, MI is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.8% of the population in Dundee, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.3%-5.8%
    % Black
    		0.3%-50.0%
    % Hispanic
    		4.6%411.1%
    % Asian
    		0.5%150.0%
    % Foreign Born
    		1.8%0.0%
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    Mortgage and Risk — Dundee, MI

    According to HUD data as of 2023, there were 191 mortgage originations in Dundee, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Dundee, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		191
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Dundee, MI

    Dundee, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		79
    Total Units Section 8
    		4
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$285$795$1,080
    2 Bedroom$475$945$1,420
    3 Bedroom-$90$1,850$1,760
    4 BedroomN/AN/A$2,260

    Affordability — Dundee, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$302,000
    Median Household Income$81,400

    Dundee, MI — ZIP Code Boundary Map

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    Frequently Asked Questions