Adrian, MI—49221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Adrian, MI
As of Nov '25, the median home price in Adrian, MI is $201,000, with a year-over-year change of 4.0%. This indicates that home prices in Adrian, 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 | $201,000 | 4.0% |
| Single Family | $200,000 | 4.7% |
| Condos | $233,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $81,000 | 1.2% |
2 Bed | $149,000 | 4.2% |
3 Bed | $217,000 | 5.9% |
4 Bed | $249,000 | 5.5% |
| 5 Bed | $272,838 | 5.5% |
% of Housing Stock
Rental Trends — Adrian, MI
As of July '25, Rentcast reports the average rent in Adrian, MI is $1,080, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Adrian, MI is 1-bedrooms: $780, 2-bedrooms: $1,070, 3-bedrooms: $2,320, 4-bedrooms: $844. The most common rental property sizes in Adrian, MI are 2-bedroom and 1-bedroom, accounting for 37.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $780 |
| 2 Bed Rent | $1,040 | $1,070 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $650 | $844 |
% of Rental Stock
Property Listings — Adrian, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Adrian, MI is 54. This is a decrease of -11.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 15.0% |
Listing Count | 135 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 54 | -11.0% |
Demographics — Adrian, MI
As of the latest ACS Survey released in 2023, Adrian, MI has a population of 41,000, which has remained stable by 1.0% over the past 5 years. Adrian, MI is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,000 | 1.0% |
% Under 18 | 19.6% | -4.9% |
% Seniors | 19.5% | 17.5% |
% WFH | 8.4% | 200.0% |
% w/ College Degree | 22.3% | 23.2% |
As of the latest ACS Survey released in 2023, Adrian, MI is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Adrian, MI is hispanic, making up 14.2% of the population. Foreign-born residents account for 2.7% of the population in Adrian, MI, and this percentage has decreased by 12.9% 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 | 77.0% | -0.5% |
% Black | 4.5% | -19.6% |
% Hispanic | 14.2% | 2.2% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 2.7% | -12.9% |
Mortgage and Risk — Adrian, MI
According to HUD data as of 2023, there were 580 mortgage originations in Adrian, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Adrian, MI. Investor activity is low, as 2.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 580 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Rentals and Section 8 — Adrian, MI
Adrian, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 454 |
Total Units Section 8 | 454 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $695 | $770 |
| 2 Bedroom | -$40 | $1,040 | $1,000 |
| 3 Bedroom | -$1,000 | $2,300 | $1,300 |
| 4 Bedroom | $860 | $650 | $1,510 |
Affordability — Adrian, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $201,000 |
| Median Household Income | $57,300 |