Gowen, MI—49326
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gowen, MI
As of Oct '25, the median home price in Gowen, MI is $294,000, with a year-over-year change of 3.2%. This indicates that home prices in Gowen, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 3.2% |
| Single Family | $291,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $312,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gowen, MI
Gowen, 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 — Gowen, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gowen, MI is 23. This is a decrease of -32.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 2.0% |
Listing Count | 10 | -44.0% |
| Listings as % of Homes | 0.6% | -44.0% |
Days on Market | 23 | -32.0% |
Demographics — Gowen, MI
As of the latest ACS Survey released in 2023, Gowen, MI has a population of 4,130, which has increased by 1.3% over the past 5 years. Gowen, MI is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,130 | 1.3% |
% Under 18 | 25.6% | 23.7% |
% Seniors | 17.3% | -16.8% |
% WFH | 6.8% | 119.4% |
% w/ College Degree | 24.9% | 62.7% |
As of the latest ACS Survey released in 2023, Gowen, MI is a predominantly white area, with 93.8% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Gowen, MI is hispanic, making up 4.9% of the population. Foreign-born residents account for 0.3% of the population in Gowen, MI, and this percentage has decreased by 72.7% 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 | 93.8% | 4.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.9% | 113.0% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 0.3% | -72.7% |
Mortgage and Risk — Gowen, MI
According to HUD data as of 2023, there were 64 mortgage originations in Gowen, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Gowen, MI. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Gowen, MI
Gowen, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | N/A | N/A | $1,610 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Gowen, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $294,000 |
| Median Household Income | $78,800 |