Constantine, MI—49042
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Constantine, MI
As of Nov '25, the median home price in Constantine, MI is $198,000, with a year-over-year change of 2.7%. This indicates that home prices in Constantine, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 2.7% |
| Single Family | $198,000 | 2.6% |
| 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 | $188,000 | 2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Constantine, MI
As of July '25, Rentcast reports the average rent in Constantine, MI is $795, with a year-over-year rent change of -29.0%. Per bedroom, the median rent as of July '25 in Constantine, MI is 1-bedrooms: $795. The most common rental property sizes in Constantine, MI are 2-bedroom and 3-bedroom, accounting for 52.5% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $795 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $795 |
| 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 — Constantine, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Constantine, MI is 50. This is a increase of 17.0% 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 | $244,000 | 6.0% |
Listing Count | 17 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 50 | 17.0% |
Demographics — Constantine, MI
As of the latest ACS Survey released in 2023, Constantine, MI has a population of 4,700, which has remained stable by -0.8% over the past 5 years. Constantine, MI is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,700 | -0.8% |
% Under 18 | 23.3% | 15.3% |
% Seniors | 18.0% | -4.3% |
% WFH | 3.0% | -38.8% |
% w/ College Degree | 13.5% | 31.1% |
As of the latest ACS Survey released in 2023, Constantine, MI is a predominantly white area, with 88.3% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Constantine, MI is hispanic, making up 7.6% of the population. Foreign-born residents account for 6.3% of the population in Constantine, MI, and this percentage has increased by 57.5% 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 | 88.3% | 0.3% |
% Black | 1.1% | 175.0% |
% Hispanic | 7.6% | 24.6% |
% Asian | 1.3% | 30.0% |
% Foreign Born | 6.3% | 57.5% |
Mortgage and Risk — Constantine, MI
According to HUD data as of 2023, there were 90 mortgage originations in Constantine, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Constantine, MI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Constantine, MI
Constantine, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $750 | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Constantine, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $198,000 |
| Median Household Income | $72,500 |