Gobles, MI—49055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gobles, MI
Gobles, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | -0.6% |
| Single Family | $247,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 0.8% |
3 Bed | $266,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gobles, MI
As of July '25, Rentcast reports the average rent in Gobles, MI is $1,550, with a year-over-year rent change of 39.6%. Per bedroom, the median rent as of July '25 in Gobles, MI is 3-bedrooms: $1,680, 4-bedrooms: $1,300. The most common rental property sizes in Gobles, MI are 3-bedroom and 2-bedroom, accounting for 51.8% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,680 |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Gobles, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gobles, MI is 49. This is a increase of 18.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | 10.0% |
Listing Count | 27 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 49 | 18.0% |
Demographics — Gobles, MI
As of the latest ACS Survey released in 2023, Gobles, MI has a population of 5,960, which has decreased by -5.8% over the past 5 years. Gobles, MI is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,960 | -5.8% |
% Under 18 | 17.7% | -28.9% |
% Seniors | 18.9% | 9.9% |
% WFH | 6.7% | 59.5% |
% w/ College Degree | 18.0% | -1.1% |
As of the latest ACS Survey released in 2023, Gobles, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Gobles, MI is hispanic, making up 2.2% of the population. Foreign-born residents account for 0.8% of the population in Gobles, MI, and this percentage has decreased by 27.3% 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 | 92.3% | 0.9% |
% Black | 0.1% | -91.7% |
% Hispanic | 2.2% | -24.1% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.8% | -27.3% |
Mortgage and Risk — Gobles, MI
According to HUD data as of 2023, there were 138 mortgage originations in Gobles, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Gobles, MI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gobles, MI
Gobles, 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 | 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 | $820 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | $190 | $1,200 | $1,390 |
| 4 Bedroom | $120 | $1,300 | $1,420 |
Affordability — Gobles, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $247,000 |
| Median Household Income | $65,700 |