McBain, MI—49657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McBain, MI
As of Oct '25, the median home price in McBain, MI is $228,000, with a year-over-year change of -1.1%. This indicates that home prices in McBain, MI are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | -1.1% |
| Single Family | $229,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $218,000 | -0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McBain, MI
McBain, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $776 | $776 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $776 | $776 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McBain, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in McBain, MI is 57. This is a increase of 116.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -18.0% |
Listing Count | 3 | -29.0% |
| Listings as % of Homes | 0.2% | -29.0% |
Days on Market | 57 | 116.0% |
Demographics — McBain, MI
As of the latest ACS Survey released in 2023, McBain, MI has a population of 3,880, which has increased by 4.5% over the past 5 years. McBain, MI is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 16.8% 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 | 3,880 | 4.5% |
% Under 18 | 27.4% | -4.2% |
% Seniors | 18.3% | 12.3% |
% WFH | 8.2% | 36.7% |
% w/ College Degree | 16.8% | 5.0% |
As of the latest ACS Survey released in 2023, McBain, MI is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in McBain, MI is hispanic, making up 6.5% of the population. Foreign-born residents account for 2.2% of the population in McBain, MI, and this percentage has decreased by 8.3% 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 | 89.8% | -5.1% |
% Black | 0.6% | 200.0% |
% Hispanic | 6.5% | 30.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 2.2% | -8.3% |
Mortgage and Risk — McBain, MI
According to HUD data as of 2023, there were 74 mortgage originations in McBain, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in McBain, MI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — McBain, MI
McBain, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | $154 | $776 | $930 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — McBain, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $228,000 |
| Median Household Income | $69,900 |