Martin, MI—49070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Martin, MI
As of Oct '25, the median home price in Martin, MI is $279,000, with a year-over-year change of 4.2%. This indicates that home prices in Martin, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 4.2% |
| Single Family | $278,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 4.0% |
3 Bed | $284,000 | 3.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Martin, MI
As of July '25, Rentcast reports the average rent in Martin, MI is $2,600, with a year-over-year rent change of 100.0%. Per bedroom, the median rent as of July '25 in Martin, MI is 4-bedrooms: $2,600. The most common rental property sizes in Martin, MI are 2-bedroom and 3-bedroom, accounting for 39.7% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,600 |
| 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 | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Martin, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Martin, MI is 24. This is a decrease of -34.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 86.0% |
Listing Count | 10 | 53.0% |
| Listings as % of Homes | 0.5% | 53.0% |
Days on Market | 24 | -34.0% |
Demographics — Martin, MI
As of the latest ACS Survey released in 2023, Martin, MI has a population of 2,190, which has decreased by -16.0% over the past 5 years. Martin, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,190 | -16.0% |
% Under 18 | 23.5% | 1.3% |
% Seniors | 17.7% | 18.0% |
% WFH | 6.1% | 60.5% |
% w/ College Degree | 13.9% | -17.3% |
As of the latest ACS Survey released in 2023, Martin, MI is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Martin, MI is hispanic, making up 3.9% of the population. Foreign-born residents account for 4.1% of the population in Martin, MI, and this percentage has increased by 156.2% 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 | 88.9% | -8.1% |
% Black | 0.6% | ∞% |
% Hispanic | 3.9% | 21.9% |
% Asian | 0.6% | ∞% |
% Foreign Born | 4.1% | 156.2% |
Mortgage and Risk — Martin, MI
According to HUD data as of 2023, there were 88 mortgage originations in Martin, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Martin, MI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Martin, MI
Martin, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | -$1,270 | $2,600 | $1,330 |
Affordability — Martin, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $279,000 |
| Median Household Income | $72,300 |