New Lothrop, MI—48460
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Lothrop, MI
As of Oct '25, the median home price in New Lothrop, MI is $238,000, with a year-over-year change of 1.5%. This indicates that home prices in New Lothrop, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 1.5% |
| Single Family | $238,000 | 2.6% |
| 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 | $235,000 | 2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Lothrop, MI
New Lothrop, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Lothrop, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in New Lothrop, MI is 81. This is a increase of 129.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | -36.0% |
Listing Count | 5 | 88.0% |
| Listings as % of Homes | 0.2% | 88.0% |
Days on Market | 81 | 129.0% |
Demographics — New Lothrop, MI
As of the latest ACS Survey released in 2023, New Lothrop, MI has a population of 2,730, which has increased by 19.1% over the past 5 years. New Lothrop, MI is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,730 | 19.1% |
% Under 18 | 26.1% | 16.5% |
% Seniors | 20.5% | 15.2% |
% WFH | 9.0% | 125.0% |
% w/ College Degree | 23.8% | 30.8% |
As of the latest ACS Survey released in 2023, New Lothrop, MI is a predominantly white area, with 98.0% of the population identifying as white. The white population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in New Lothrop, MI is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.0% of the population in New Lothrop, MI, and this percentage has decreased by 100.0% 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 | 98.0% | 5.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.0% | -16.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — New Lothrop, MI
New Lothrop, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Lothrop, MI
New Lothrop, 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 | $770 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — New Lothrop, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $238,000 |
| Median Household Income | $81,100 |