Tustin, MI—49688
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tustin, MI
Tustin, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | 4.0% |
| Single Family | $215,000 | 4.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tustin, MI
Tustin, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| 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 — Tustin, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Tustin, MI is 73. This is a increase of 53.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 40.0% |
Listing Count | 20 | 39.0% |
| Listings as % of Homes | 0.2% | 39.0% |
Days on Market | 73 | 53.0% |
Demographics — Tustin, MI
As of the latest ACS Survey released in 2023, Tustin, MI has a population of 2,440, which has decreased by -5.3% over the past 5 years. Tustin, MI is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | -5.3% |
% Under 18 | 25.3% | 1.6% |
% Seniors | 22.3% | 21.9% |
% WFH | 3.4% | 3.0% |
% w/ College Degree | 20.3% | 10.9% |
As of the latest ACS Survey released in 2023, Tustin, MI is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Tustin, MI is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.6% of the population in Tustin, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -1.7% |
% Black | 0.2% | -71.4% |
% Hispanic | 0.9% | 12.5% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 1.6% | 0.0% |
Mortgage and Risk — Tustin, MI
According to HUD data as of 2023, there were 47 mortgage originations in Tustin, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Tustin, MI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Tustin, MI
Tustin, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $860 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Tustin, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $216,000 |
| Median Household Income | $66,700 |