Spring Arbor, MI—49283
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Arbor, MI
As of Oct '25, the median home price in Spring Arbor, MI is $284,000, with a year-over-year change of 3.1%. This indicates that home prices in Spring Arbor, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 3.1% |
| Single Family | $282,000 | 2.9% |
| Condos | $285,000 | 5.2% |
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 | $293,000 | 2.8% |
4 Bed | $358,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Arbor, MI
As of July '25, Rentcast reports the average rent in Spring Arbor, MI is $1,100, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Spring Arbor, MI is 1-bedrooms: $995, 2-bedrooms: $1,200. The most common rental property sizes in Spring Arbor, MI are 3-bedroom and 1-bedroom, accounting for 44.6% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Arbor, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Arbor, MI is 51. This is a decrease of -13.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 39.0% |
Listing Count | 13 | -28.0% |
| Listings as % of Homes | 0.7% | -28.0% |
Days on Market | 51 | -13.0% |
Demographics — Spring Arbor, MI
As of the latest ACS Survey released in 2023, Spring Arbor, MI has a population of 4,600, which has increased by 19.5% over the past 5 years. Spring Arbor, MI is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,600 | 19.5% |
% Under 18 | 14.7% | 20.5% |
% Seniors | 15.8% | -22.5% |
% WFH | 10.4% | 131.1% |
% w/ College Degree | 33.9% | -14.8% |
As of the latest ACS Survey released in 2023, Spring Arbor, MI is a predominantly white area, with 96.3% of the population identifying as white. The white population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Spring Arbor, MI is hispanic, making up 1.1% of the population. Foreign-born residents account for 2.2% of the population in Spring Arbor, MI, and this percentage has increased by 120.0% 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 | 96.3% | 8.8% |
% Black | 0.5% | -80.8% |
% Hispanic | 1.1% | -79.2% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.2% | 120.0% |
Mortgage and Risk — Spring Arbor, MI
According to HUD data as of 2023, there were 94 mortgage originations in Spring Arbor, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Spring Arbor, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Spring Arbor, MI
Spring Arbor, 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 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$195 | $995 | $800 |
| 2 Bedroom | -$230 | $1,200 | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Spring Arbor, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $284,000 |
| Median Household Income | $93,800 |