Hillman, MI—49746
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hillman, MI
Hillman, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | -0.4% |
| Single Family | $177,000 | -0.6% |
| 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 | $223,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hillman, MI
As of July '25, Rentcast reports the average rent in Hillman, MI is $463, with a year-over-year rent change of -69.1%. Per bedroom, the median rent as of July '25 in Hillman, MI is 1-bedrooms: $463. The most common rental property sizes in Hillman, MI are 2-bedroom and 1-bedroom, accounting for 35.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $463 | $463 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $463 | $463 |
| 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 — Hillman, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillman, MI is 58. This is a decrease of -9.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | -5.0% |
Listing Count | 23 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 58 | -9.0% |
Demographics — Hillman, MI
As of the latest ACS Survey released in 2023, Hillman, MI has a population of 3,500, which has increased by 5.6% over the past 5 years. Hillman, MI is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,500 | 5.6% |
% Under 18 | 18.2% | 20.5% |
% Seniors | 29.6% | -0.7% |
% WFH | 5.7% | 26.7% |
% w/ College Degree | 13.2% | -11.4% |
As of the latest ACS Survey released in 2023, Hillman, MI is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Hillman, MI is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.1% of the population in Hillman, MI, and this percentage has decreased by 31.2% 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 | 95.0% | -2.5% |
% Black | 0.3% | -40.0% |
% Hispanic | 1.5% | 50.0% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 1.1% | -31.2% |
Mortgage and Risk — Hillman, MI
According to HUD data as of 2023, there were 94 mortgage originations in Hillman, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Hillman, MI. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Hillman, MI
Hillman, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $377 | $463 | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Hillman, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $176,000 |
| Median Household Income | $47,800 |