Goodrich, MI 48438 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Goodrich, MI—48438

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$359,000

6.0% YoY Growth

Household Income

$101,000

14.9% YoY Growth

Days on Market

54.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$1,500

21.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,500

N/A

3-Bed Rent

$1,900

N/A

Home Price Trends — Goodrich, MI

As of Nov '25, the median home price in Goodrich, MI is $359,000, with a year-over-year change of 6.0%. This indicates that home prices in Goodrich, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$359,000	6.0%
Single Family	$363,000	5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Goodrich, MI

As of July '25, Rentcast reports the average rent in Goodrich, MI is $1,630, with a year-over-year rent change of -21.3%. Per bedroom, the median rent as of July '25 in Goodrich, MI is 2-bedrooms: $1,500, 3-bedrooms: $1,900. The most common rental property sizes in Goodrich, MI are 3-bedroom and 2-bedroom, accounting for 59.8% and 30.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,630
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,500	$1,500
3 Bed Rent	$1,900	$1,900
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.5%

2 Bedrooms

30.8%

3 Bedrooms

59.8%

4 Bedrooms

2.8%

Property Listings — Goodrich, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Goodrich, MI is 71. This is a increase of 54.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$460,000	5.0%
Listing Count	31	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	71	54.0%

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Demographics — Goodrich, MI

As of the latest ACS Survey released in 2023, Goodrich, MI has a population of 7,300, which has increased by 5.0% over the past 5 years. Goodrich, MI is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,300	5.0%
% Under 18	22.3%	-10.1%
% Seniors	17.8%	29.9%
% WFH	12.9%	416.0%
% w/ College Degree	34.4%	2.7%

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As of the latest ACS Survey released in 2023, Goodrich, MI is a predominantly white area, with 91.7% 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 Goodrich, MI is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.1% of the population in Goodrich, MI, and this percentage has increased by 5.0% 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	91.7%	-4.9%
% Black	0.4%	-50.0%
% Hispanic	3.8%	216.7%
% Asian	0.0%	N/A
% Foreign Born	2.1%	5.0%

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Mortgage and Risk — Goodrich, MI

According to HUD data as of 2023, there were 164 mortgage originations in Goodrich, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Goodrich, 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	164
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Goodrich, MI

Goodrich, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,150
2 Bedroom	-$80	$1,500	$1,420
3 Bedroom	-$150	$1,900	$1,750
4 Bedroom	N/A	N/A	$1,990

Goodrich, MI—48438

Key Metrics at a Glance

Home Price Trends — Goodrich, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Goodrich, MI

% of Rental Stock

Property Listings — Goodrich, MI

Demographics — Goodrich, MI

Race and Ethnicity

Mortgage and Risk — Goodrich, MI

Mortgages

Rentals and Section 8 — Goodrich, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Goodrich, MI

Home Price to Income Ratio

Goodrich, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ortonville, MI

Hadley

Davison, MI

Burton, MI

Grand Blanc, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$359,000
Median Household Income	$101,000

Goodrich, MI—48438

Key Metrics at a Glance

Home Price Trends — Goodrich, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Goodrich, MI

% of Rental Stock

Property Listings — Goodrich, MI

Demographics — Goodrich, MI

Race and Ethnicity

Mortgage and Risk — Goodrich, MI

Mortgages

Rentals and Section 8 — Goodrich, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Goodrich, MI

Home Price to Income Ratio

Goodrich, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Ortonville, MI

Hadley

Davison, MI

Burton, MI

Grand Blanc, MI

Frequently Asked Questions

What is the average home price in Goodrich, MI 48438?

How have home prices in Goodrich, MI 48438 changed over the past year?

What is the home price projection for Goodrich, MI 48438?

What are the demographics of Goodrich, MI 48438?

How long does it take homes to sell in Goodrich, MI 48438?

What is the average rent price in Goodrich, MI 48438?