Newaygo, MI—49337
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newaygo, MI
Newaygo, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | -1.4% |
| Single Family | $259,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 1.7% |
3 Bed | $295,000 | 0.7% |
4 Bed | $355,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newaygo, MI
As of July '25, Rentcast reports the average rent in Newaygo, MI is $1,230, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in Newaygo, MI is 1-bedrooms: $750, 2-bedrooms: $1,580, 3-bedrooms: $1,350. The most common rental property sizes in Newaygo, MI are 2-bedroom and 3-bedroom, accounting for 42.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $1,580 | $1,580 |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newaygo, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Newaygo, MI is 73. This is a increase of 14.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 9.0% |
Listing Count | 55 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 73 | 14.0% |
Demographics — Newaygo, MI
As of the latest ACS Survey released in 2023, Newaygo, MI has a population of 13,000, which has increased by 11.1% over the past 5 years. Newaygo, MI is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 11.1% |
% Under 18 | 21.7% | 10.2% |
% Seniors | 19.2% | -8.6% |
% WFH | 7.0% | 180.0% |
% w/ College Degree | 17.8% | 7.9% |
As of the latest ACS Survey released in 2023, Newaygo, MI is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Newaygo, MI is hispanic, making up 6.1% of the population. Foreign-born residents account for 1.6% of the population in Newaygo, MI, and this percentage has increased by 14.3% 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 | 87.3% | -5.8% |
% Black | 0.4% | -63.6% |
% Hispanic | 6.1% | 38.6% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 1.6% | 14.3% |
Mortgage and Risk — Newaygo, MI
According to HUD data as of 2023, there were 166 mortgage originations in Newaygo, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Newaygo, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 166 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Newaygo, MI
Newaygo, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 122 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $750 | $810 |
| 2 Bedroom | -$540 | $1,580 | $1,040 |
| 3 Bedroom | $30 | $1,350 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Newaygo, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $259,000 |
| Median Household Income | $64,400 |