Holland, MI—49423
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Holland, MI
Home Price Trends — Holland, MI
As of Oct '25, the median home price in Holland, MI is $337,000, with a year-over-year change of 2.5%. This indicates that home prices in Holland, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $337,000 | 2.5% |
| Single Family | $342,000 | 2.7% |
| Condos | $301,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | 4.4% |
2 Bed | $277,000 | 4.1% |
3 Bed | $338,000 | 4.0% |
4 Bed | $397,000 | 3.7% |
| 5 Bed | $537,000 | 3.3% |
% of Housing Stock
Rental Trends — Holland, MI
As of July '25, Rentcast reports the average rent in Holland, MI is $1,560, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Holland, MI is 1-bedrooms: $1,380, 2-bedrooms: $1,540, 3-bedrooms: $1,850, 4-bedrooms: $3,000. The most common rental property sizes in Holland, MI are 2-bedroom and 1-bedroom, accounting for 56.1% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,380 |
| 2 Bed Rent | $1,320 | $1,540 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Holland, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Holland, MI is 45. This is a increase of 23.0% 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 | $454,000 | -1.0% |
Listing Count | 143 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 45 | 23.0% |
Demographics — Holland, MI
As of the latest ACS Survey released in 2023, Holland, MI has a population of 46,700, which has increased by 2.7% over the past 5 years. Holland, MI is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,700 | 2.7% |
% Under 18 | 20.6% | -7.6% |
% Seniors | 18.1% | 12.4% |
% WFH | 8.6% | 145.7% |
% w/ College Degree | 36.6% | 14.4% |
As of the latest ACS Survey released in 2023, Holland, MI is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Holland, MI is hispanic, making up 18.8% of the population. Foreign-born residents account for 6.7% of the population in Holland, MI, and this percentage has decreased by 14.1% 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 | 71.6% | -1.1% |
% Black | 4.1% | 20.6% |
% Hispanic | 18.8% | -2.1% |
% Asian | 2.5% | -13.8% |
% Foreign Born | 6.7% | -14.1% |
Mortgage and Risk — Holland, MI
According to HUD data as of 2023, there were 906 mortgage originations in Holland, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Holland, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 906 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Holland, MI
As of 2024, the percent of homes in Holland, MI under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Holland, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 669 |
Total Units Section 8 | 669 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,500 | $1,110 |
| 2 Bedroom | -$10 | $1,320 | $1,310 |
| 3 Bedroom | -$170 | $1,850 | $1,680 |
| 4 Bedroom | -$1,130 | $3,000 | $1,870 |
Affordability — Holland, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $337,000 |
| Median Household Income | $78,500 |