Pickford, MI—49774
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pickford, MI
As of Oct '25, the median home price in Pickford, MI is $193,000, with a year-over-year change of 1.8%. This indicates that home prices in Pickford, MI are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 1.8% |
| Single Family | $193,000 | 2.1% |
| 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 — Pickford, MI
Pickford, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 — Pickford, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pickford, MI is 58. This is a increase of 18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | 12.0% |
Listing Count | 8 | 44.0% |
| Listings as % of Homes | 0.5% | 44.0% |
Days on Market | 58 | 18.0% |
Demographics — Pickford, MI
As of the latest ACS Survey released in 2023, Pickford, MI has a population of 1,990, which has increased by 20.1% over the past 5 years. Pickford, MI is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,990 | 20.1% |
% Under 18 | 25.8% | 80.4% |
% Seniors | 19.4% | -27.1% |
% WFH | 5.1% | -22.7% |
% w/ College Degree | 27.1% | 40.4% |
As of the latest ACS Survey released in 2023, Pickford, MI is a predominantly white area, with 88.6% 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 Pickford, MI is hispanic, making up 0.9% of the population. Foreign-born residents account for 3.0% of the population in Pickford, MI, and this percentage has increased by 30.4% 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 | 88.6% | -5.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.9% | 0.0% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 3.0% | 30.4% |
Mortgage and Risk — Pickford, MI
According to HUD data as of 2023, there were 25 mortgage originations in Pickford, MI, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Pickford, MI. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Pickford, MI
Pickford, 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 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Pickford, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $193,000 |
| Median Household Income | $80,400 |