Pontiac, MI—48341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pontiac, MI
As of Oct '25, the median home price in Pontiac, MI is $147,000, with a year-over-year change of 4.5%. This indicates that home prices in Pontiac, MI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 4.5% |
| Single Family | $144,000 | 4.3% |
| Condos | $212,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $112,000 | 2.8% |
3 Bed | $147,000 | 3.5% |
4 Bed | $194,000 | 3.7% |
| 5 Bed | $185,000 | 2.2% |
% of Housing Stock
Rental Trends — Pontiac, MI
As of July '25, Rentcast reports the average rent in Pontiac, MI is $1,320, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Pontiac, MI is 1-bedrooms: $855, 2-bedrooms: $1,150, 3-bedrooms: $1,630, 4-bedrooms: $1,770. The most common rental property sizes in Pontiac, MI are 2-bedroom and 1-bedroom, accounting for 35.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $855 |
| 2 Bed Rent | $1,200 | $1,150 |
| 3 Bed Rent | $1,470 | $1,630 |
| 4 Bed Rent | $1,800 | $1,770 |
% of Rental Stock
Property Listings — Pontiac, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pontiac, MI is 54. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | -4.0% |
Listing Count | 52 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 54 | 1.0% |
Demographics — Pontiac, MI
As of the latest ACS Survey released in 2023, Pontiac, MI has a population of 19,100, which has increased by 7.2% over the past 5 years. Pontiac, MI is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | 7.2% |
% Under 18 | 21.8% | 2.8% |
% Seniors | 14.8% | 7.2% |
% WFH | 4.8% | 29.7% |
% w/ College Degree | 23.9% | 51.3% |
As of the latest ACS Survey released in 2023, Pontiac, MI is a predominantly black area, with 56.9% of the population identifying as black. The black population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Pontiac, MI is white, making up 22.3% of the population. Foreign-born residents account for 9.7% of the population in Pontiac, MI, and this percentage has increased by 115.6% 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 | 22.3% | -12.9% |
% Black | 56.9% | -2.4% |
% Hispanic | 11.8% | 29.7% |
% Asian | 2.9% | 107.1% |
% Foreign Born | 9.7% | 115.6% |
Mortgage and Risk — Pontiac, MI
According to HUD data as of 2023, there were 174 mortgage originations in Pontiac, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Pontiac, MI. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pontiac, MI
As of 2024, the percent of homes in Pontiac, MI under the Section 8 program is 13.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Pontiac, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 514 |
Total Units Section 8 | 512 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $750 | $920 |
| 2 Bedroom | -$30 | $1,200 | $1,170 |
| 3 Bedroom | -$30 | $1,470 | $1,440 |
| 4 Bedroom | -$250 | $1,800 | $1,550 |
Affordability — Pontiac, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $147,000 |
| Median Household Income | $46,200 |