Commerce Township, MI 48390 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Commerce Township, MI—48390

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$304,000

2.8% YoY Growth

Household Income

$89,400

21.9% YoY Growth

Days on Market

42

6.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,800

4.3% YoY Growth

1-Bed Rent

$1,100

8.3% YoY Growth

2-Bed Rent

$1,840

7.0% YoY Growth

3-Bed Rent

$2,350

15.2% YoY Growth

Other Zip Codes in Commerce Township, MI

Home Price Trends — Commerce Township, MI

As of Nov '25, the median home price in Commerce Township, MI is $304,000, with a year-over-year change of 2.8%. This indicates that home prices in Commerce Township, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$304,000	2.8%
Single Family	$328,000	3.1%
Condos	$277,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Commerce Township, MI

As of July '25, Rentcast reports the average rent in Commerce Township, MI is $1,930, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Commerce Township, MI is studios: $1,600, 1-bedrooms: $1,170, 2-bedrooms: $1,840, 3-bedrooms: $2,580, 4-bedrooms: $2,950. The most common rental property sizes in Commerce Township, MI are 2-bedroom and 1-bedroom, accounting for 60.1% and 18.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,930
Studio Rent	$1,600	$1,600
1 Bed Rent	$1,100	$1,170
2 Bed Rent	$1,840	$1,840
3 Bed Rent	$2,350	$2,580
4 Bed Rent	$2,400	$2,950

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% of Rental Stock

Studio

1.9%

1 Bedroom

18.6%

2 Bedrooms

60.1%

3 Bedrooms

17.4%

4 Bedrooms

2.0%

Property Listings — Commerce Township, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Commerce Township, MI is 42. This is a increase of 6.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$327,000	6.0%
Listing Count	93	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	42	6.0%

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Demographics — Commerce Township, MI

As of the latest ACS Survey released in 2023, Commerce Township, MI has a population of 24,100, which has increased by 1.3% over the past 5 years. Commerce Township, MI is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,100	1.3%
% Under 18	18.8%	-7.8%
% Seniors	18.7%	26.4%
% WFH	15.2%	198.0%
% w/ College Degree	42.6%	4.2%

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As of the latest ACS Survey released in 2023, Commerce Township, MI is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Commerce Township, MI is asian, making up 6.8% of the population. Foreign-born residents account for 15.6% of the population in Commerce Township, MI, and this percentage has increased by 12.2% 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	83.4%	-1.2%
% Black	3.0%	-26.8%
% Hispanic	3.7%	-19.6%
% Asian	6.8%	51.1%
% Foreign Born	15.6%	12.2%

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Mortgage and Risk — Commerce Township, MI

According to HUD data as of 2023, there were 455 mortgage originations in Commerce Township, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Commerce Township, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	455
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Commerce Township, MI

As of 2024, the percent of homes in Commerce Township, MI under the Section 8 program is 9.4%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Commerce Township, MI, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	267
Total Units Section 8	264
% Rentals under Section 8	9.4%
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$360	$1,100	$1,460
2 Bedroom	$10	$1,840	$1,850
3 Bedroom	-$80	$2,350	$2,270
4 Bedroom	$50	$2,400	$2,450