Durand, MI—48429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Durand, MI
As of Oct '25, the median home price in Durand, MI is $187,000, with a year-over-year change of -0.8%. This indicates that home prices in Durand, MI are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | -0.8% |
| Single Family | $189,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | -0.7% |
3 Bed | $184,000 | -0.5% |
4 Bed | $217,000 | -1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Durand, MI
As of July '25, Rentcast reports the average rent in Durand, MI is $925, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Durand, MI is 1-bedrooms: $850, 2-bedrooms: $1,000. The most common rental property sizes in Durand, MI are 2-bedroom and 3-bedroom, accounting for 44.8% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $925 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $950 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Durand, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Durand, MI is 79. This is a increase of 60.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $156,000 | -19.0% |
Listing Count | 24 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 79 | 60.0% |
Demographics — Durand, MI
As of the latest ACS Survey released in 2023, Durand, MI has a population of 8,110, which has decreased by -8.3% over the past 5 years. Durand, MI is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,110 | -8.3% |
% Under 18 | 17.3% | -5.5% |
% Seniors | 22.9% | 16.2% |
% WFH | 8.2% | 90.7% |
% w/ College Degree | 14.7% | 20.5% |
As of the latest ACS Survey released in 2023, Durand, MI is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Durand, MI is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.8% of the population in Durand, MI, and this percentage has increased by 260.0% 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 | 96.0% | 2.0% |
% Black | 0.2% | ∞% |
% Hispanic | 2.0% | -4.8% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 1.8% | 260.0% |
Mortgage and Risk — Durand, MI
According to HUD data as of 2023, there were 179 mortgage originations in Durand, MI, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Durand, MI. Investor activity is low, as 1.0% 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 | 179 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Durand, MI
Durand, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $850 | $770 |
| 2 Bedroom | $10 | $950 | $960 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Durand, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $187,000 |
| Median Household Income | $60,100 |