Dundee, MI—48131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dundee, MI
As of Oct '25, the median home price in Dundee, MI is $278,000, with a year-over-year change of 3.0%. This indicates that home prices in Dundee, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | 3.0% |
| Single Family | $276,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 8.5% |
3 Bed | $294,000 | 5.0% |
4 Bed | $358,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $811 |
| 2 Bed Rent | $945 | $1,220 |
| 3 Bed Rent | $1,850 | $2,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dundee, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Dundee, MI is 36. This is a increase of 22.0% 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 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 | $342,000 | 0.0% |
Listing Count | 34 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 36 | 22.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,310 | 18.9% |
% Under 18 | 21.4% | -0.9% |
% Seniors | 13.4% | -15.2% |
% WFH | 7.4% | 252.4% |
% w/ College Degree | 32.7% | 50.0% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $285 | $795 | $1,080 |
| 2 Bedroom | $475 | $945 | $1,420 |
| 3 Bedroom | -$90 | $1,850 | $1,760 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Dundee, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $278,000 |
| Median Household Income | $81,400 |