Ferrysburg, MI—49456
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ferrysburg, MI
As of Oct '25, the median home price in Ferrysburg, MI is $399,000, with a year-over-year change of 2.6%. This indicates that home prices in Ferrysburg, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 2.6% |
| Single Family | $400,000 | 1.8% |
| Condos | $394,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $219,000 | -3.1% |
2 Bed | $306,000 | 3.4% |
3 Bed | $383,000 | 3.8% |
4 Bed | $509,000 | 3.2% |
| 5 Bed | $700,000 | 2.9% |
% of Housing Stock
Rental Trends — Ferrysburg, MI
As of July '25, Rentcast reports the average rent in Ferrysburg, MI is $1,820, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Ferrysburg, MI is 1-bedrooms: $1,200, 2-bedrooms: $1,530, 3-bedrooms: $2,420. The most common rental property sizes in Ferrysburg, MI are 2-bedroom and 1-bedroom, accounting for 45.4% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,060 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,320 | $1,530 |
| 3 Bed Rent | $2,460 | $2,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ferrysburg, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ferrysburg, MI is 47. This is a decrease of -6.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | -11.0% |
Listing Count | 139 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 47 | -6.0% |
Demographics — Ferrysburg, MI
As of the latest ACS Survey released in 2023, Ferrysburg, MI has a population of 20,000, which has increased by 4.3% over the past 5 years. Ferrysburg, MI is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 4.3% |
% Under 18 | 19.3% | -15.0% |
% Seniors | 25.7% | 21.8% |
% WFH | 13.5% | 170.0% |
% w/ College Degree | 46.7% | 19.4% |
As of the latest ACS Survey released in 2023, Ferrysburg, MI is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Ferrysburg, MI is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.5% of the population in Ferrysburg, MI, and this percentage has increased by 13.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.3% | -2.9% |
% Black | 0.9% | 350.0% |
% Hispanic | 3.6% | 38.5% |
% Asian | 0.5% | -61.5% |
% Foreign Born | 2.5% | 13.6% |
Mortgage and Risk — Ferrysburg, MI
According to HUD data as of 2023, there were 449 mortgage originations in Ferrysburg, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Ferrysburg, MI. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 449 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ferrysburg, MI
Ferrysburg, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 78 |
Total Units Section 8 | 78 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 96.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,200 | $1,150 |
| 2 Bedroom | $10 | $1,320 | $1,330 |
| 3 Bedroom | -$760 | $2,460 | $1,700 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Ferrysburg, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $399,000 |
| Median Household Income | $85,800 |