Floodwood, MI—49815
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Floodwood, MI
Floodwood, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Floodwood, MI
Floodwood, 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
No data available
Property Listings — Floodwood, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Floodwood, MI is 71. This is a decrease of -54.0% 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 | $150,000 | 53.0% |
Listing Count | 5 | 78.0% |
| Listings as % of Homes | N/A | 78.0% |
Days on Market | 71 | -54.0% |
Demographics — Floodwood, MI
As of the latest ACS Survey released in 2023, Floodwood, MI has a population of 220, which has decreased by -34.3% over the past 5 years. Floodwood, MI is a less popular place for families, as children make up 10.0% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 220 | -34.3% |
% Under 18 | 10.0% | -1.0% |
% Seniors | 44.5% | 69.2% |
% WFH | 4.3% | 514.3% |
% w/ College Degree | 23.7% | 51.9% |
As of the latest ACS Survey released in 2023, Floodwood, MI is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Floodwood, MI is black, making up 0.0% of the population. Foreign-born residents account for 3.6% of the population in Floodwood, MI, and this percentage has increased by Inf% 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 | 94.5% | -4.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 3.6% | ∞% |
Mortgage and Risk — Floodwood, MI
According to HUD data as of 2023, there were 9 mortgage originations in Floodwood, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Floodwood, MI. Investor activity is low, as 0.0% of loans were by investors. 33.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 9 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 33.0% |
Loan Activity
Rentals and Section 8 — Floodwood, MI
Floodwood, 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 | $800 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Floodwood, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $75,900 |