Stevensville, MI—49127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stevensville, MI
As of Nov '25, the median home price in Stevensville, MI is $319,000, with a year-over-year change of 3.9%. This indicates that home prices in Stevensville, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 3.9% |
| Single Family | $321,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 3.6% |
3 Bed | $309,000 | 3.7% |
4 Bed | $453,000 | 3.9% |
| 5 Bed | $574,548 | 4.0% |
% of Housing Stock
Rental Trends — Stevensville, MI
As of July '25, Rentcast reports the average rent in Stevensville, MI is $1,500, with a year-over-year rent change of 24.0%. Per bedroom, the median rent as of July '25 in Stevensville, MI is 2-bedrooms: $1,350, 3-bedrooms: $1,430, 4-bedrooms: $2,500. The most common rental property sizes in Stevensville, MI are 2-bedroom and 1-bedroom, accounting for 70.8% and 14.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,350 |
| 3 Bed Rent | $1,400 | $1,430 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Stevensville, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Stevensville, MI is 77. This is a increase of 49.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 10.0% |
Listing Count | 35 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 77 | 49.0% |
Demographics — Stevensville, MI
As of the latest ACS Survey released in 2023, Stevensville, MI has a population of 11,300, which has increased by 3.5% over the past 5 years. Stevensville, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 46.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 3.5% |
% Under 18 | 21.9% | -13.4% |
% Seniors | 17.1% | -10.9% |
% WFH | 14.4% | 188.0% |
% w/ College Degree | 46.8% | 13.0% |
As of the latest ACS Survey released in 2023, Stevensville, MI is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Stevensville, MI is hispanic, making up 4.9% of the population. Foreign-born residents account for 7.7% of the population in Stevensville, MI, and this percentage has increased by 45.3% 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 | 83.5% | -7.7% |
% Black | 4.2% | 55.6% |
% Hispanic | 4.9% | 81.5% |
% Asian | 2.6% | -18.8% |
% Foreign Born | 7.7% | 45.3% |
Mortgage and Risk — Stevensville, MI
According to HUD data as of 2023, there were 230 mortgage originations in Stevensville, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Stevensville, MI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 230 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Stevensville, MI
Stevensville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | -$170 | $1,500 | $1,330 |
| 3 Bedroom | $320 | $1,400 | $1,720 |
| 4 Bedroom | -$740 | $2,500 | $1,760 |
Affordability — Stevensville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $319,000 |
| Median Household Income | $96,800 |