Norton Shores, MI—49444
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norton Shores, MI
As of Oct '25, the median home price in Norton Shores, MI is $181,000, with a year-over-year change of 1.7%. This indicates that home prices in Norton Shores, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 1.7% |
| Single Family | $169,000 | 1.8% |
| Condos | $332,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $93,000 | 4.5% |
2 Bed | $123,000 | 0.8% |
3 Bed | $237,000 | 3.9% |
4 Bed | $320,000 | 3.2% |
| 5 Bed | $420,000 | 1.4% |
% of Housing Stock
Rental Trends — Norton Shores, MI
As of July '25, Rentcast reports the average rent in Norton Shores, MI is $1,000, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Norton Shores, MI is 1-bedrooms: $916, 2-bedrooms: $1,000, 3-bedrooms: $1,080. The most common rental property sizes in Norton Shores, MI are 2-bedroom and 3-bedroom, accounting for 41.7% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $916 |
| 2 Bed Rent | $950 | $1,000 |
| 3 Bed Rent | $1,070 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norton Shores, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Norton Shores, MI is 53. This is a increase of 10.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 13.0% |
Listing Count | 128 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 53 | 10.0% |
Demographics — Norton Shores, MI
As of the latest ACS Survey released in 2023, Norton Shores, MI has a population of 26,200, which has decreased by -12.0% over the past 5 years. Norton Shores, MI is a popular place for families, as children make up 25.5% 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 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | -12.0% |
% Under 18 | 25.5% | 9.0% |
% Seniors | 16.4% | 32.3% |
% WFH | 5.2% | 188.9% |
% w/ College Degree | 17.8% | 45.9% |
As of the latest ACS Survey released in 2023, Norton Shores, MI is a predominantly white area, with 59.0% of the population identifying as white. The white population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in Norton Shores, MI is black, making up 31.1% of the population. Foreign-born residents account for 0.9% of the population in Norton Shores, MI, and this percentage has decreased by 40.0% 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 | 59.0% | 6.3% |
% Black | 31.1% | -9.9% |
% Hispanic | 3.7% | -31.5% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 0.9% | -40.0% |
Mortgage and Risk — Norton Shores, MI
According to HUD data as of 2023, there were 383 mortgage originations in Norton Shores, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Norton Shores, MI. Investor activity is low, as 2.0% 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 | 383 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Norton Shores, MI
Norton Shores, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 620 |
Total Units Section 8 | 280 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $850 | $930 |
| 2 Bedroom | $270 | $950 | $1,220 |
| 3 Bedroom | $420 | $1,070 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Norton Shores, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $181,000 |
| Median Household Income | $52,100 |