Sand Lake, MI—49343
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sand Lake, MI
As of Nov '25, the median home price in Sand Lake, MI is $292,000, with a year-over-year change of 4.1%. This indicates that home prices in Sand Lake, MI are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 4.1% |
| Single Family | $291,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 3.4% |
3 Bed | $309,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sand Lake, MI
Sand Lake, 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 — Sand Lake, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Sand Lake, MI is 65. This is a increase of 53.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $514,000 | 70.0% |
Listing Count | 11 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 65 | 53.0% |
Demographics — Sand Lake, MI
As of the latest ACS Survey released in 2023, Sand Lake, MI has a population of 5,440, which has decreased by -9.6% over the past 5 years. Sand Lake, MI is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,440 | -9.6% |
% Under 18 | 16.0% | -43.5% |
% Seniors | 19.0% | 95.9% |
% WFH | 9.1% | 264.0% |
% w/ College Degree | 15.3% | 1.3% |
As of the latest ACS Survey released in 2023, Sand Lake, MI is a predominantly white area, with 90.4% 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 Sand Lake, MI is hispanic, making up 2.7% of the population. Foreign-born residents account for 0.3% of the population in Sand Lake, 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 | 90.4% | -5.8% |
% Black | 0.1% | -80.0% |
% Hispanic | 2.7% | 22.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -72.7% |
Mortgage and Risk — Sand Lake, MI
According to HUD data as of 2023, there were 108 mortgage originations in Sand Lake, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sand Lake, MI. Investor activity is low, as 0.0% 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 | 108 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Sand Lake, MI
Sand Lake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 93.0% |
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 — Sand Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $292,000 |
| Median Household Income | $81,700 |