Augusta, MI—49012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Augusta, MI
As of Nov '25, the median home price in Augusta, MI is $329,000, with a year-over-year change of 3.0%. This indicates that home prices in Augusta, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 3.0% |
| Single Family | $327,000 | 3.2% |
| 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 | $303,000 | 4.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Augusta, MI
As of July '25, Rentcast reports the average rent in Augusta, MI is $1,190, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Augusta, MI is 1-bedrooms: $883, 2-bedrooms: $1,100, 3-bedrooms: $2,200. The most common rental property sizes in Augusta, MI are 1-bedroom and 2-bedroom, accounting for 37.6% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $883 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Augusta, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Augusta, MI is 25. This is a increase of 34.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | -26.0% |
Listing Count | 14 | -2.0% |
| Listings as % of Homes | 1.2% | -2.0% |
Days on Market | 25 | 34.0% |
Demographics — Augusta, MI
As of the latest ACS Survey released in 2023, Augusta, MI has a population of 3,110, which has decreased by -3.5% over the past 5 years. Augusta, MI is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,110 | -3.5% |
% Under 18 | 20.9% | 11.2% |
% Seniors | 21.8% | 12.4% |
% WFH | 18.6% | 675.0% |
% w/ College Degree | 32.2% | -15.7% |
As of the latest ACS Survey released in 2023, Augusta, MI is a predominantly white area, with 91.7% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Augusta, MI is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.6% of the population in Augusta, MI, and this percentage has decreased by 40.0% 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 | 91.7% | 0.5% |
% Black | 1.7% | 142.9% |
% Hispanic | 3.0% | -40.0% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 0.6% | -40.0% |
Mortgage and Risk — Augusta, MI
According to HUD data as of 2023, there were 125 mortgage originations in Augusta, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Augusta, MI. Investor activity is low, as 2.0% 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 | 125 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Augusta, MI
Augusta, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $230 | $850 | $1,080 |
| 2 Bedroom | $190 | $1,100 | $1,290 |
| 3 Bedroom | -$500 | $2,200 | $1,700 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Augusta, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $329,000 |
| Median Household Income | $78,400 |