Bark River, MI 49807 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bark River, MI—49807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$215,000

3.0% YoY Growth

Household Income

$70,700

24.5% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

5.3%

Median Rent

$1,000

0.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,000

N/A

3-Bed Rent

N/A

Home Price Trends — Bark River, MI

As of Nov '25, the median home price in Bark River, MI is $215,000, with a year-over-year change of 3.0%. This indicates that home prices in Bark River, MI are increasing. According to Zillow, the 1-year price projection is 5.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$215,000	3.0%
Single Family	$215,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bark River, MI

As of July '25, Rentcast reports the average rent in Bark River, MI is $1,000, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bark River, MI is 2-bedrooms: $1,000. The most common rental property sizes in Bark River, MI are 2-bedroom and 1-bedroom, accounting for 42.6% and 33.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,000	$1,000
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.4%

1 Bedroom

33.0%

2 Bedrooms

42.6%

3 Bedrooms

6.1%

4 Bedrooms

7.0%

5+ Bedrooms

0.9%

Property Listings — Bark River, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Bark River, MI is 49. This is a decrease of -23.0% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$359,000	44.0%
Listing Count	4	13.0%
Listings as % of Homes	0.2%	13.0%
Days on Market	49	-23.0%

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Demographics — Bark River, MI

As of the latest ACS Survey released in 2023, Bark River, MI has a population of 3,120, which has decreased by -10.2% over the past 5 years. Bark River, MI is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,120	-10.2%
% Under 18	17.5%	-21.9%
% Seniors	26.4%	54.4%
% WFH	6.1%	577.8%
% w/ College Degree	21.7%	13.0%

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As of the latest ACS Survey released in 2023, Bark River, MI is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Bark River, MI is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.6% of the population in Bark River, MI, and this percentage has decreased by 50.0% 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	92.4%	-2.0%
% Black	0.4%	300.0%
% Hispanic	2.6%	271.4%
% Asian	0.2%	-71.4%
% Foreign Born	0.6%	-50.0%

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Mortgage and Risk — Bark River, MI

According to HUD data as of 2023, there were 24 mortgage originations in Bark River, MI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Bark River, MI. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	24
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	0.0%
% Second Loans	4.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Bark River, MI

Bark River, 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	$720
2 Bedroom	-$60	$1,000	$940
3 Bedroom	N/A	N/A	$1,250
4 Bedroom	N/A	N/A	$1,540

Bark River, MI—49807

Key Metrics at a Glance

Home Price Trends — Bark River, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bark River, MI

% of Rental Stock

Property Listings — Bark River, MI

Demographics — Bark River, MI

Race and Ethnicity

Mortgage and Risk — Bark River, MI

Mortgages

Rentals and Section 8 — Bark River, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Bark River, MI

Home Price to Income Ratio

Bark River, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Indiantown, MI

Escanaba, MI

Powers, MI

Spalding, MI

Wells, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$215,000
Median Household Income	$70,700

Bark River, MI—49807

Key Metrics at a Glance

Home Price Trends — Bark River, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bark River, MI

% of Rental Stock

Property Listings — Bark River, MI

Demographics — Bark River, MI

Race and Ethnicity

Mortgage and Risk — Bark River, MI

Mortgages

Rentals and Section 8 — Bark River, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Bark River, MI

Home Price to Income Ratio

Bark River, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Indiantown, MI

Escanaba, MI

Powers, MI

Spalding, MI

Wells, MI

Frequently Asked Questions

What is the average home price in Bark River, MI 49807?

How have home prices in Bark River, MI 49807 changed over the past year?

What is the home price projection for Bark River, MI 49807?

What are the demographics of Bark River, MI 49807?

How long does it take homes to sell in Bark River, MI 49807?

What is the average rent price in Bark River, MI 49807?