Spruce, MI—48762
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spruce, MI
Spruce, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 1.0% |
| Single Family | $202,000 | 0.5% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spruce, MI
Spruce, 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 — Spruce, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Spruce, MI is 56. This is a increase of 108.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | 45.0% |
Listing Count | 8 | 59.0% |
| Listings as % of Homes | 0.6% | 59.0% |
Days on Market | 56 | 108.0% |
Demographics — Spruce, MI
As of the latest ACS Survey released in 2023, Spruce, MI has a population of 1,010, which has decreased by -7.0% over the past 5 years. Spruce, MI is a less popular place for families, as children make up 14.5% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,010 | -7.0% |
% Under 18 | 14.5% | 17.9% |
% Seniors | 34.6% | -8.2% |
% WFH | 7.2% | -30.1% |
% w/ College Degree | 23.2% | 17.2% |
As of the latest ACS Survey released in 2023, Spruce, MI is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Spruce, MI is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.9% of the population in Spruce, 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 | 95.1% | -0.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.6% | -60.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | 0.0% |
Mortgage and Risk — Spruce, MI
According to HUD data as of 2023, there were 37 mortgage originations in Spruce, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Spruce, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 38.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Spruce, MI
Spruce, 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 | $780 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Spruce, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $202,000 |
| Median Household Income | $68,000 |