Montague, MI 49437 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Montague, MI—49437

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$262,000

2.9% YoY Growth

Household Income

$77,200

34.1% YoY Growth

Days on Market

45.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$1,000

96.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,000

N/A

Home Price Trends — Montague, MI

As of Nov '25, the median home price in Montague, MI is $262,000, with a year-over-year change of 2.9%. This indicates that home prices in Montague, 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	$262,000	2.9%
Single Family	$270,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Montague, MI

As of July '25, Rentcast reports the average rent in Montague, MI is $1,000, with a year-over-year rent change of 96.5%. Per bedroom, the median rent as of July '25 in Montague, MI is 3-bedrooms: $1,000. The most common rental property sizes in Montague, MI are 2-bedroom and 3-bedroom, accounting for 44.7% and 28.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,000	$1,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.3%

1 Bedroom

23.3%

2 Bedrooms

44.7%

3 Bedrooms

28.5%

4 Bedrooms

2.3%

Property Listings — Montague, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Montague, MI is 51. This is a decrease of -45.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$360,000	-12.0%
Listing Count	22	4.0%
Listings as % of Homes	0.3%	4.0%
Days on Market	51	-45.0%

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Demographics — Montague, MI

As of the latest ACS Survey released in 2023, Montague, MI has a population of 6,620, which has decreased by -5.2% over the past 5 years. Montague, MI is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,620	-5.2%
% Under 18	23.8%	4.8%
% Seniors	21.1%	1.4%
% WFH	8.2%	241.7%
% w/ College Degree	25.7%	19.5%

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As of the latest ACS Survey released in 2023, Montague, MI is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Montague, MI is hispanic, making up 5.5% of the population. Foreign-born residents account for 1.0% of the population in Montague, MI, and this percentage has decreased by 33.3% 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	89.0%	-1.5%
% Black	0.5%	0.0%
% Hispanic	5.5%	-24.7%
% Asian	0.1%	∞%
% Foreign Born	1.0%	-33.3%

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Mortgage and Risk — Montague, MI

According to HUD data as of 2023, there were 112 mortgage originations in Montague, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Montague, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	112
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	6.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Montague, MI

Montague, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	26
Total Units Section 8	26
% Rentals under Section 8	8.4%
% Occupied Section 8	97.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	N/A	N/A	$970
3 Bedroom	$180	$1,000	$1,180
4 Bedroom	N/A	N/A	$1,320

Montague, MI—49437

Key Metrics at a Glance

Home Price Trends — Montague, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montague, MI

% of Rental Stock

Property Listings — Montague, MI

Demographics — Montague, MI

Race and Ethnicity

Mortgage and Risk — Montague, MI

Mortgages

Rentals and Section 8 — Montague, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Montague, MI

Home Price to Income Ratio

Montague, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Whitehall, MI

Berry Junction, MI

Muskegon, MI

Twin Lake, MI

Holton, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$262,000
Median Household Income	$77,200

Montague, MI—49437

Key Metrics at a Glance

Home Price Trends — Montague, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Montague, MI

% of Rental Stock

Property Listings — Montague, MI

Demographics — Montague, MI

Race and Ethnicity

Mortgage and Risk — Montague, MI

Mortgages

Rentals and Section 8 — Montague, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Montague, MI

Home Price to Income Ratio

Montague, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Whitehall, MI

Berry Junction, MI

Muskegon, MI

Twin Lake, MI

Holton, MI

Frequently Asked Questions

What is the average home price in Montague, MI 49437?

How have home prices in Montague, MI 49437 changed over the past year?

What is the home price projection for Montague, MI 49437?

What are the demographics of Montague, MI 49437?

How long does it take homes to sell in Montague, MI 49437?

What is the average rent price in Montague, MI 49437?