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  4. /Newaygo, MI - 49337

Newaygo, MI—49337

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$286,000
7.6% YoY Growth
Household Income
$64,400
46.3% YoY Growth
Days on Market
70
14.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$1,350
16.3% YoY Growth
1-Bed Rent
$750
N/A
2-Bed Rent
$1,580
N/A
3-Bed Rent
$1,350
8.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Newaygo, MI

Newaygo, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$286,0007.6%
Single Family $286,0008.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $251,000
    6.8%
    3 Bed
    		$309,0004.7%
    4 Bed
    		$374,0003.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    8.1%
    2 Bedrooms
    35.6%
    3 Bedrooms
    37.9%
    4 Bedrooms
    13.1%
    5+ Bedrooms
    4.4%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,350$1,230
    Studio Rent N/AN/A
    1 Bed Rent $750$750
    2 Bed Rent $1,580$1,580
    3 Bed Rent $1,350$1,350
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    0.8%
    1 Bedroom
    20.7%
    2 Bedrooms
    42.7%
    3 Bedrooms
    26.6%
    4 Bedrooms
    8.1%
    5+ Bedrooms
    1.0%

    Property Listings — Newaygo, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Newaygo, MI is 70. 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$420,000-2.0%
    Listing Count
    		45-29.0%
    Listings as % of Homes0.4%-29.0%
    Days on Market
    		7014.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		13,00011.1%
    % Under 18
    		21.7%10.2%
    % Seniors
    		19.2%-8.6%
    % WFH
    		7.0%180.0%
    % w/ College Degree
    		17.8%7.9%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$60$750$810
    2 Bedroom-$540$1,580$1,040
    3 Bedroom$30$1,350$1,380
    4 BedroomN/AN/A$1,450

    Affordability — Newaygo, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$286,000
    Median Household Income$64,400

    Newaygo, MI — ZIP Code Boundary Map

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    Frequently Asked Questions