Riga, MI—49276
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riga, MI
As of Oct '25, the median home price in Riga, MI is $287,000, with a year-over-year change of 4.8%. This indicates that home prices in Riga, 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 | $287,000 | 4.8% |
| Single Family | $288,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $251,000 | 5.9% |
4 Bed | $289,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riga, MI
Riga, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Riga, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Riga, MI is 58. This is a decrease of -53.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | -27.0% |
Listing Count | 2 | 33.0% |
| Listings as % of Homes | 0.5% | 33.0% |
Days on Market | 58 | -53.0% |
Demographics — Riga, MI
As of the latest ACS Survey released in 2023, Riga, MI has a population of 809, which has decreased by -5.0% over the past 5 years. Riga, MI is a less popular place for families, as children make up 14.3% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 809 | -5.0% |
% Under 18 | 14.3% | -30.2% |
% Seniors | 26.1% | 38.1% |
% WFH | 23.0% | 177.1% |
% w/ College Degree | 22.7% | 44.6% |
As of the latest ACS Survey released in 2023, Riga, MI is a predominantly white area, with 93.3% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Riga, MI is hispanic, making up 4.0% of the population. Foreign-born residents account for 0.4% of the population in Riga, MI, and this percentage has decreased by 77.8% 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 | 93.3% | 3.6% |
% Black | 2.0% | 300.0% |
% Hispanic | 4.0% | -39.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -77.8% |
Mortgage and Risk — Riga, MI
Riga, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Riga, MI
Riga, 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 | $990 |
| 2 Bedroom | N/A | N/A | $1,290 |
| 3 Bedroom | N/A | N/A | $1,650 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Riga, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $287,000 |
| Median Household Income | $52,900 |