Pullman, MI—49450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pullman, MI
As of Nov '25, the median home price in Pullman, MI is $171,000, with a year-over-year change of 1.3%. This indicates that home prices in Pullman, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 1.3% |
| Single Family | $171,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 2.2% |
3 Bed | $189,000 | 5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pullman, MI
Pullman, 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 — Pullman, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Pullman, MI is 29. This is a decrease of -53.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $228,000 | -24.0% |
Listing Count | 4 | -61.0% |
| Listings as % of Homes | 0.1% | -61.0% |
Days on Market | 29 | -53.0% |
Demographics — Pullman, MI
As of the latest ACS Survey released in 2023, Pullman, MI has a population of 3,180, which has decreased by -5.5% over the past 5 years. Pullman, MI is a popular place for families, as children make up 35.6% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,180 | -5.5% |
% Under 18 | 35.6% | -11.2% |
% Seniors | 11.5% | 51.3% |
% WFH | 10.3% | 635.7% |
% w/ College Degree | 17.9% | 141.9% |
As of the latest ACS Survey released in 2023, Pullman, MI is a predominantly white area, with 54.3% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Pullman, MI is hispanic, making up 34.6% of the population. Foreign-born residents account for 12.5% of the population in Pullman, MI, and this percentage has decreased by 37.8% 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 | 54.3% | 4.4% |
% Black | 0.8% | -87.5% |
% Hispanic | 34.6% | -15.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 12.5% | -37.8% |
Mortgage and Risk — Pullman, MI
According to HUD data as of 2023, there were 25 mortgage originations in Pullman, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Pullman, MI. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 8.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Pullman, MI
Pullman, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Pullman, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $171,000 |
| Median Household Income | $48,800 |