What is the average home price in Burr Oak, MI 49030?

As of May '26, the median home price in Burr Oak, MI 49030 is $211,000, based on Zillow home estimates.

How have home prices in Burr Oak, MI 49030 changed over the past year?

As of May '26, home prices have increased 7.9% over the past year, according to Zillow home estimates data.

What is the home price projection for Burr Oak, MI 49030?

As of May '26, Zillow projects home prices in Burr Oak, MI 49030 to increase 0.9% in the next year.

What are the demographics of Burr Oak, MI 49030?

According to the latest Census, the demographics of Burr Oak, MI 49030 are 89.3% White, 0.9% Black, 0.2% Asian, 7.1% Hispanic. The population is 2,440, with 28.6% under 18 years old.

How long does it take homes to sell in Burr Oak, MI 49030?

According to Realtor.com, as of May '26, the median home in Burr Oak, MI 49030 is on the market for 159 days. This is an increase of 130.0% from last year.

What is the average rent price in Burr Oak, MI 49030?

The average rent price in Burr Oak, MI 49030, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Burr Oak, MI 49030 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Burr Oak, MI—49030

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$211,000

7.9% YoY Growth

Household Income

$64,500

20.3% YoY Growth

Days on Market

159

130.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Burr Oak, MI

As of May '26, the median home price in Burr Oak, MI is $211,000, with a year-over-year change of 7.9%. This indicates that home prices in Burr Oak, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$211,000	7.9%
Single Family	$211,000	7.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Burr Oak, MI

Burr Oak, 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

11.9%

1 Bedroom

9.8%

2 Bedrooms

25.9%

3 Bedrooms

28.0%

4 Bedrooms

6.3%

5+ Bedrooms

18.2%

Property Listings — Burr Oak, MI

As of May '26, Realtor.com reports that the median days on market for a home in Burr Oak, MI is 159. This is a increase of 130.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$600,000	-19.0%
Listing Count	5	88.0%
Listings as % of Homes	0.6%	88.0%
Days on Market	159	130.0%

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Demographics — Burr Oak, MI

As of the latest ACS Survey released in 2023, Burr Oak, MI has a population of 2,440, which has remained stable by -0.2% over the past 5 years. Burr Oak, MI is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 4.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,440	-0.2%
% Under 18	28.6%	-18.5%
% Seniors	11.3%	-17.5%
% WFH	8.3%	937.5%
% w/ College Degree	4.6%	-58.6%

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As of the latest ACS Survey released in 2023, Burr Oak, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Burr Oak, MI is hispanic, making up 7.1% of the population. Foreign-born residents account for 3.9% of the population in Burr Oak, MI, and this percentage has increased by 95.0% 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	89.3%	-2.5%
% Black	0.9%	-18.2%
% Hispanic	7.1%	57.8%
% Asian	0.2%	-71.4%
% Foreign Born	3.9%	95.0%

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Mortgage and Risk — Burr Oak, MI

According to HUD data as of 2023, there were 64 mortgage originations in Burr Oak, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Burr Oak, MI. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	64
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Burr Oak, MI

Burr Oak, 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	$720
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,280
4 Bedroom	N/A	N/A	$1,370

Burr Oak, MI—49030

Key Metrics at a Glance

Home Price Trends — Burr Oak, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Burr Oak, MI

% of Rental Stock

Property Listings — Burr Oak, MI

Demographics — Burr Oak, MI

Race and Ethnicity

Mortgage and Risk — Burr Oak, MI

Mortgages

Rentals and Section 8 — Burr Oak, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Burr Oak, MI

Home Price to Income Ratio

Burr Oak, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Colon, MI

Sturgis, MI

Nottawa

Bronson, MI

Sherwood, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$211,000
Median Household Income	$64,500