Reese, MI 48757 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Reese, MI—48757

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$213,000

7.4% YoY Growth

Household Income

$74,500

31.4% YoY Growth

Days on Market

50.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Reese, MI

Reese, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$213,000	7.4%
Single Family	$213,000	8.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Reese, MI

Reese, 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

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% of Rental Stock

Studio

1.0%

1 Bedroom

1.9%

2 Bedrooms

42.9%

3 Bedrooms

40.0%

4 Bedrooms

12.9%

5+ Bedrooms

1.4%

Property Listings — Reese, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Reese, MI is 69. This is a increase of 14.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$154,000	-40.0%
Listing Count	11	81.0%
Listings as % of Homes	0.4%	81.0%
Days on Market	85	50.0%

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Demographics — Reese, MI

As of the latest ACS Survey released in 2023, Reese, MI has a population of 3,680, which has remained stable by -0.0% over the past 5 years. Reese, MI is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,680	0.0%
% Under 18	18.5%	-8.4%
% Seniors	24.0%	9.6%
% WFH	5.5%	120.0%
% w/ College Degree	25.4%	58.7%

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As of the latest ACS Survey released in 2023, Reese, MI is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Reese, MI is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Reese, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.9%	1.7%
% Black	0.3%	-57.1%
% Hispanic	2.4%	-52.0%
% Asian	0.0%	-100.0%
% Foreign Born	0.5%	0.0%

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Mortgage and Risk — Reese, MI

According to HUD data as of 2023, there were 71 mortgage originations in Reese, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Reese, MI. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	71
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Reese, MI

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

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	1.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,250
4 Bedroom	N/A	N/A	$1,370

Reese, MI—48757

Key Metrics at a Glance

Home Price Trends — Reese, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Reese, MI

% of Rental Stock

Property Listings — Reese, MI

Demographics — Reese, MI

Race and Ethnicity

Mortgage and Risk — Reese, MI

Mortgages

Rentals and Section 8 — Reese, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Reese, MI

Home Price to Income Ratio

Reese, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Munger, MI

Frankenmuth, MI

Hampton, MI

Bay City, MI

Bridgeport, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$213,000
Median Household Income	$74,500

Reese, MI—48757

Key Metrics at a Glance

Home Price Trends — Reese, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Reese, MI

% of Rental Stock

Property Listings — Reese, MI

Demographics — Reese, MI

Race and Ethnicity

Mortgage and Risk — Reese, MI

Mortgages

Rentals and Section 8 — Reese, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Reese, MI

Home Price to Income Ratio

Reese, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Munger, MI

Frankenmuth, MI

Hampton, MI

Bay City, MI

Bridgeport, MI

Frequently Asked Questions

What is the average home price in Reese, MI 48757?

How have home prices in Reese, MI 48757 changed over the past year?

What is the home price projection for Reese, MI 48757?

What are the demographics of Reese, MI 48757?

How long does it take homes to sell in Reese, MI 48757?

What is the average rent price in Reese, MI 48757?