Metamora, MI—48455
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metamora, MI
As of Oct '25, the median home price in Metamora, MI is $398,000, with a year-over-year change of 2.7%. This indicates that home prices in Metamora, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 2.7% |
| Single Family | $398,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $373,000 | 3.3% |
4 Bed | $492,000 | 2.9% |
| 5 Bed | $617,000 | 2.2% |
% of Housing Stock
Rental Trends — Metamora, MI
As of July '25, Rentcast reports the average rent in Metamora, MI is $2,450, with a year-over-year rent change of 56.1%. Per bedroom, the median rent as of July '25 in Metamora, MI is 2-bedrooms: $1,100, 3-bedrooms: $1,250, 4-bedrooms: $5,000. The most common rental property sizes in Metamora, MI are 2-bedroom and 3-bedroom, accounting for 46.0% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $2,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Metamora, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Metamora, MI is 53. This is a increase of 2.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $590,000 | -3.0% |
Listing Count | 46 | 27.0% |
| Listings as % of Homes | 0.8% | 27.0% |
Days on Market | 53 | 2.0% |
Demographics — Metamora, MI
As of the latest ACS Survey released in 2023, Metamora, MI has a population of 7,850, which has decreased by -3.6% over the past 5 years. Metamora, MI is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,850 | -3.6% |
% Under 18 | 17.8% | -11.4% |
% Seniors | 25.0% | 33.7% |
% WFH | 11.6% | 190.0% |
% w/ College Degree | 33.0% | 19.1% |
As of the latest ACS Survey released in 2023, Metamora, MI is a predominantly white area, with 93.6% 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 Metamora, MI is hispanic, making up 1.5% of the population. Foreign-born residents account for 2.3% of the population in Metamora, MI, and this percentage has decreased by 34.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | -1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.5% | -6.2% |
% Asian | 0.4% | -82.6% |
% Foreign Born | 2.3% | -34.3% |
Mortgage and Risk — Metamora, MI
According to HUD data as of 2023, there were 200 mortgage originations in Metamora, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Metamora, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 200 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Metamora, MI
Metamora, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | $190 | $1,100 | $1,290 |
| 3 Bedroom | $330 | $1,250 | $1,580 |
| 4 Bedroom | -$3,290 | $5,000 | $1,710 |
Affordability — Metamora, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $398,000 |
| Median Household Income | $97,100 |