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  4. /Hersey, MI - 49639

Hersey, MI—49639

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$210,000
8.6% YoY Growth
Household Income
$62,400
29.5% YoY Growth
Days on Market
33
69.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$960
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$960
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hersey, MI

Hersey, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$210,0008.6%
Single Family $210,0008.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		$236,0005.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    10.0%
    2 Bedrooms
    25.7%
    3 Bedrooms
    45.1%
    4 Bedrooms
    14.9%
    5+ Bedrooms
    4.3%

    Rental Trends — Hersey, MI

    Hersey, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$960$960
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $960$960
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    37.0%
    2 Bedrooms
    16.8%
    3 Bedrooms
    40.3%
    4 Bedrooms
    5.9%

    Property Listings — Hersey, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Hersey, MI is 33. This is a decrease of -69.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$289,00036.0%
    Listing Count
    		7-60.0%
    Listings as % of Homes0.9%-60.0%
    Days on Market
    		33-69.0%
    Loading chart...

    Demographics — Hersey, MI

    As of the latest ACS Survey released in 2023, Hersey, MI has a population of 2,420, which has increased by 5.0% over the past 5 years. Hersey, MI is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,4205.0%
    % Under 18
    		21.4%-7.0%
    % Seniors
    		26.0%19.3%
    % WFH
    		4.7%-6.0%
    % w/ College Degree
    		18.3%28.9%
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    As of the latest ACS Survey released in 2023, Hersey, MI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Hersey, MI is black, making up 1.4% of the population. Foreign-born residents account for 0.4% of the population in Hersey, MI, and this percentage has decreased by 60.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.5%-4.5%
    % Black
    		1.4%366.7%
    % Hispanic
    		1.4%0.0%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.4%-60.0%
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    Mortgage and Risk — Hersey, MI

    According to HUD data as of 2023, there were 47 mortgage originations in Hersey, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hersey, MI. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		47
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		9.0%
    % Cash Out Refinance
    		19.0%
    Loading chart...
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    Rentals and Section 8 — Hersey, MI

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

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$750
    2 Bedroom$10$960$970
    3 BedroomN/AN/A$1,190
    4 BedroomN/AN/A$1,380

    Affordability — Hersey, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$210,000
    Median Household Income$62,400

    Hersey, MI — ZIP Code Boundary Map

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    Frequently Asked Questions