Keego Harbor, MI 48320 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Keego Harbor, MI—48320

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$295,000

1.9% YoY Growth

Household Income

$77,700

57.1% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,600

32.1% YoY Growth

1-Bed Rent

$1,250

N/A

2-Bed Rent

$1,600

50.4% YoY Growth

3-Bed Rent

$1,750

1.1% YoY Growth

Home Price Trends — Keego Harbor, MI

As of Nov '25, the median home price in Keego Harbor, MI is $295,000, with a year-over-year change of 1.9%. This indicates that home prices in Keego Harbor, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$295,000	1.9%
Single Family	$309,000	1.0%
Condos	$166,000	5.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Keego Harbor, MI

As of July '25, Rentcast reports the average rent in Keego Harbor, MI is $1,820, with a year-over-year rent change of -32.1%. Per bedroom, the median rent as of July '25 in Keego Harbor, MI is studios: $825, 1-bedrooms: $1,270, 2-bedrooms: $1,880, 3-bedrooms: $1,780, 4-bedrooms: $2,800. The most common rental property sizes in Keego Harbor, MI are 2-bedroom and 1-bedroom, accounting for 59.9% and 17.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,820
Studio Rent	$825	$825
1 Bed Rent	$1,250	$1,270
2 Bed Rent	$1,600	$1,880
3 Bed Rent	$1,750	$1,780
4 Bed Rent	$2,100	$2,800

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% of Rental Stock

1 Bedroom

17.5%

2 Bedrooms

59.9%

3 Bedrooms

15.7%

4 Bedrooms

6.9%

Property Listings — Keego Harbor, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Keego Harbor, MI is 24. This is a decrease of -14.0% 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 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	$365,000	-25.0%
Listing Count	14	19.0%
Listings as % of Homes	0.5%	19.0%
Days on Market	24	-14.0%

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Demographics — Keego Harbor, MI

As of the latest ACS Survey released in 2023, Keego Harbor, MI has a population of 4,260, which has decreased by -12.0% over the past 5 years. Keego Harbor, MI is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 47.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,260	-12.0%
% Under 18	18.8%	9.3%
% Seniors	17.2%	22.0%
% WFH	15.4%	285.0%
% w/ College Degree	47.7%	20.5%

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As of the latest ACS Survey released in 2023, Keego Harbor, MI is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Keego Harbor, MI is hispanic, making up 5.4% of the population. Foreign-born residents account for 9.3% of the population in Keego Harbor, MI, and this percentage has increased by 13.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.8%	-4.9%
% Black	4.7%	11.9%
% Hispanic	5.4%	-11.5%
% Asian	1.4%	55.6%
% Foreign Born	9.3%	13.4%

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Mortgage and Risk — Keego Harbor, MI

According to HUD data as of 2023, there were 87 mortgage originations in Keego Harbor, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Keego Harbor, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	87
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Keego Harbor, MI

As of 2024, the percent of homes in Keego Harbor, MI under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Keego Harbor, MI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$100	$1,250	$1,150
2 Bedroom	-$140	$1,600	$1,460
3 Bedroom	$40	$1,750	$1,790
4 Bedroom	-$160	$2,100	$1,940

Keego Harbor, MI—48320

Key Metrics at a Glance

Home Price Trends — Keego Harbor, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Keego Harbor, MI

% of Rental Stock

Property Listings — Keego Harbor, MI

Demographics — Keego Harbor, MI

Race and Ethnicity

Mortgage and Risk — Keego Harbor, MI

Mortgages

Rentals and Section 8 — Keego Harbor, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Keego Harbor, MI

Home Price to Income Ratio

Keego Harbor, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Waterford, MI

Pontiac, MI

Bloomfield Hills, MI

West Bloomfield, MI

Orchard Lake, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$295,000
Median Household Income	$77,700

Keego Harbor, MI—48320

Key Metrics at a Glance

Home Price Trends — Keego Harbor, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Keego Harbor, MI

% of Rental Stock

Property Listings — Keego Harbor, MI

Demographics — Keego Harbor, MI

Race and Ethnicity

Mortgage and Risk — Keego Harbor, MI

Mortgages

Rentals and Section 8 — Keego Harbor, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Keego Harbor, MI

Home Price to Income Ratio

Keego Harbor, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Waterford, MI

Pontiac, MI

Bloomfield Hills, MI

West Bloomfield, MI

Orchard Lake, MI

Frequently Asked Questions

What is the average home price in Keego Harbor, MI 48320?

How have home prices in Keego Harbor, MI 48320 changed over the past year?

What is the home price projection for Keego Harbor, MI 48320?

What are the demographics of Keego Harbor, MI 48320?

How long does it take homes to sell in Keego Harbor, MI 48320?

What is the average rent price in Keego Harbor, MI 48320?