Bangor, MI—49013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bangor, MI
Bangor, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | -3.3% |
| Single Family | $174,000 | -2.8% |
| 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 | $198,000 | -0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bangor, MI
As of July '25, Rentcast reports the average rent in Bangor, MI is $1,390, with a year-over-year rent change of 32.4%. Per bedroom, the median rent as of July '25 in Bangor, MI is 2-bedrooms: $1,250, 3-bedrooms: $1,800. The most common rental property sizes in Bangor, MI are 2-bedroom and 1-bedroom, accounting for 48.6% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bangor, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bangor, MI is 64. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $337,000 | -11.0% |
Listing Count | 18 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 64 | -9.0% |
Demographics — Bangor, MI
As of the latest ACS Survey released in 2023, Bangor, MI has a population of 5,020, which has decreased by -10.3% over the past 5 years. Bangor, MI is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,020 | -10.3% |
% Under 18 | 25.7% | -2.3% |
% Seniors | 14.2% | 7.6% |
% WFH | 9.8% | 180.0% |
% w/ College Degree | 16.3% | 37.0% |
As of the latest ACS Survey released in 2023, Bangor, MI is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Bangor, MI is hispanic, making up 30.9% of the population. Foreign-born residents account for 11.3% of the population in Bangor, MI, and this percentage has increased by 91.5% 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 | 60.6% | -12.7% |
% Black | 3.6% | -33.3% |
% Hispanic | 30.9% | 56.9% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 11.3% | 91.5% |
Mortgage and Risk — Bangor, MI
According to HUD data as of 2023, there were 99 mortgage originations in Bangor, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bangor, MI. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Bangor, MI
Bangor, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 7 |
% 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 | $710 |
| 2 Bedroom | -$320 | $1,250 | $930 |
| 3 Bedroom | -$590 | $1,800 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Bangor, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $174,000 |
| Median Household Income | $58,300 |