Swartz Creek, MI—48473
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Swartz Creek, MI
As of Oct '25, the median home price in Swartz Creek, MI is $241,000, with a year-over-year change of 4.4%. This indicates that home prices in Swartz Creek, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 4.4% |
| Single Family | $241,000 | 5.2% |
| Condos | $232,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 3.9% |
3 Bed | $242,000 | 4.8% |
4 Bed | $290,000 | 6.2% |
| 5 Bed | $350,000 | 5.4% |
% of Housing Stock
Rental Trends — Swartz Creek, MI
As of July '25, Rentcast reports the average rent in Swartz Creek, MI is $1,610, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Swartz Creek, MI is 1-bedrooms: $1,280, 2-bedrooms: $1,080, 3-bedrooms: $1,590, 4-bedrooms: $2,100. The most common rental property sizes in Swartz Creek, MI are 2-bedroom and 3-bedroom, accounting for 42.4% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,280 | $1,280 |
| 2 Bed Rent | $1,080 | $1,080 |
| 3 Bed Rent | $1,600 | $1,590 |
| 4 Bed Rent | $1,810 | $2,100 |
% of Rental Stock
Property Listings — Swartz Creek, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Swartz Creek, MI is 44. This is a increase of 28.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 7.0% |
Listing Count | 65 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 44 | 28.0% |
Demographics — Swartz Creek, MI
As of the latest ACS Survey released in 2023, Swartz Creek, MI has a population of 22,800, which has increased by 3.3% over the past 5 years. Swartz Creek, MI is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 3.3% |
% Under 18 | 19.2% | -13.5% |
% Seniors | 21.3% | 8.1% |
% WFH | 11.2% | 330.8% |
% w/ College Degree | 24.8% | 16.4% |
As of the latest ACS Survey released in 2023, Swartz Creek, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Swartz Creek, MI is hispanic, making up 2.7% of the population. Foreign-born residents account for 2.3% of the population in Swartz Creek, MI, and this percentage has decreased by 4.2% 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 | 90.2% | -1.0% |
% Black | 2.2% | -45.0% |
% Hispanic | 2.7% | 0.0% |
% Asian | 0.9% | 350.0% |
% Foreign Born | 2.3% | -4.2% |
Mortgage and Risk — Swartz Creek, MI
According to HUD data as of 2023, there were 685 mortgage originations in Swartz Creek, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Swartz Creek, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 685 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Swartz Creek, MI
As of 2024, the percent of homes in Swartz Creek, MI under the Section 8 program is 12.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Swartz Creek, MI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 188 |
Total Units Section 8 | 188 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,280 | $930 |
| 2 Bedroom | $60 | $1,080 | $1,140 |
| 3 Bedroom | -$190 | $1,600 | $1,410 |
| 4 Bedroom | -$190 | $1,810 | $1,620 |
Affordability — Swartz Creek, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $241,000 |
| Median Household Income | $76,800 |