Holly, MI—48442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Holly, MI
As of Oct '25, the median home price in Holly, MI is $311,000, with a year-over-year change of 3.5%. This indicates that home prices in Holly, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 3.5% |
| Single Family | $317,000 | 2.9% |
| Condos | $267,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 2.9% |
3 Bed | $302,000 | 3.4% |
4 Bed | $367,000 | 3.1% |
| 5 Bed | $467,000 | 3.1% |
% of Housing Stock
Rental Trends — Holly, MI
As of July '25, Rentcast reports the average rent in Holly, MI is $1,690, with a year-over-year rent change of 33.1%. Per bedroom, the median rent as of July '25 in Holly, MI is 2-bedrooms: $1,480, 4-bedrooms: $2,320. The most common rental property sizes in Holly, MI are 2-bedroom and 3-bedroom, accounting for 42.9% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,480 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,950 | $2,320 |
% of Rental Stock
Property Listings — Holly, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Holly, MI is 31. This is a decrease of -5.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -8.0% |
Listing Count | 69 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 31 | -5.0% |
Demographics — Holly, MI
As of the latest ACS Survey released in 2023, Holly, MI has a population of 22,700, which has increased by 9.0% over the past 5 years. Holly, MI is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,700 | 9.0% |
% Under 18 | 19.8% | -11.2% |
% Seniors | 18.0% | 8.4% |
% WFH | 12.4% | 235.1% |
% w/ College Degree | 29.3% | 12.3% |
As of the latest ACS Survey released in 2023, Holly, MI is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Holly, MI is hispanic, making up 3.5% of the population. Foreign-born residents account for 3.6% of the population in Holly, MI, and this percentage has increased by 56.5% 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 | 88.9% | -2.7% |
% Black | 3.2% | 28.0% |
% Hispanic | 3.5% | -2.8% |
% Asian | 0.8% | -11.1% |
% Foreign Born | 3.6% | 56.5% |
Mortgage and Risk — Holly, MI
According to HUD data as of 2023, there were 503 mortgage originations in Holly, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Holly, MI. Investor activity is low, as 1.0% 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 | 503 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Holly, MI
Holly, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | $150 | $1,200 | $1,350 |
| 3 Bedroom | N/A | N/A | $1,680 |
| 4 Bedroom | -$80 | $1,950 | $1,870 |
Affordability — Holly, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $311,000 |
| Median Household Income | $80,300 |