Cement City, MI—49233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cement City, MI
As of Nov '25, the median home price in Cement City, MI is $271,000, with a year-over-year change of 4.3%. This indicates that home prices in Cement City, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | 4.3% |
| Single Family | $271,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 3.0% |
3 Bed | $292,000 | 4.3% |
4 Bed | $353,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cement City, MI
Cement City, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,500 | $4,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cement City, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Cement City, MI is 50. This is a increase of 44.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | -23.0% |
Listing Count | 21 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 50 | 44.0% |
Demographics — Cement City, MI
As of the latest ACS Survey released in 2023, Cement City, MI has a population of 2,950, which has increased by 21.1% over the past 5 years. Cement City, MI is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,950 | 21.1% |
% Under 18 | 20.5% | 79.8% |
% Seniors | 24.2% | -4.7% |
% WFH | 12.9% | 658.8% |
% w/ College Degree | 35.1% | 70.4% |
As of the latest ACS Survey released in 2023, Cement City, MI is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Cement City, MI is hispanic, making up 6.7% of the population. Foreign-born residents account for 1.4% of the population in Cement City, MI, and this percentage has decreased by 26.3% 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 | 88.7% | -8.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.7% | 272.2% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 1.4% | -26.3% |
Mortgage and Risk — Cement City, MI
According to HUD data as of 2023, there were 50 mortgage originations in Cement City, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Cement City, MI. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — Cement City, MI
Cement City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $930 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | -$2,950 | $4,500 | $1,550 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Cement City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $271,000 |
| Median Household Income | $83,000 |