Belding, MI—48809
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belding, MI
As of Oct '25, the median home price in Belding, MI is $253,000, with a year-over-year change of 4.3%. This indicates that home prices in Belding, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | 4.3% |
| Single Family | $253,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 5.2% |
3 Bed | $249,000 | 4.2% |
4 Bed | $291,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belding, MI
As of July '25, Rentcast reports the average rent in Belding, MI is $2,000, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Belding, MI is 4-bedrooms: $2,000. The most common rental property sizes in Belding, MI are 3-bedroom and 2-bedroom, accounting for 37.4% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| 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 | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Belding, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Belding, MI is 55. This is a increase of 10.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | -1.0% |
Listing Count | 37 | -13.0% |
| Listings as % of Homes | 0.5% | -13.0% |
Days on Market | 55 | 10.0% |
Demographics — Belding, MI
As of the latest ACS Survey released in 2023, Belding, MI has a population of 11,300, which has increased by 4.7% over the past 5 years. Belding, MI is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 4.7% |
% Under 18 | 19.8% | -19.8% |
% Seniors | 16.4% | 20.6% |
% WFH | 4.3% | 26.5% |
% w/ College Degree | 16.8% | 18.3% |
As of the latest ACS Survey released in 2023, Belding, MI is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Belding, MI is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.3% of the population in Belding, MI, and this percentage has increased by 62.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.1% | -4.0% |
% Black | 0.7% | 250.0% |
% Hispanic | 4.3% | 87.0% |
% Asian | 0.5% | 400.0% |
% Foreign Born | 1.3% | 62.5% |
Mortgage and Risk — Belding, MI
According to HUD data as of 2023, there were 385 mortgage originations in Belding, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Belding, MI. Investor activity is low, as 3.0% 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 | 385 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Belding, MI
Belding, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 264 |
Total Units Section 8 | 264 |
% Rentals under Section 8 | 25.3% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | N/A | N/A | $1,610 |
| 4 Bedroom | -$230 | $2,000 | $1,770 |
Affordability — Belding, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $253,000 |
| Median Household Income | $67,200 |