Stephenson, MI—49821
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stephenson, MI
As of Oct '25, the median home price in Stephenson, MI is $177,000, with a year-over-year change of 3.6%. This indicates that home prices in Stephenson, MI are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 3.6% |
| Single Family | $177,000 | 3.5% |
| 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 — Stephenson, MI
Stephenson, 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 — Stephenson, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Stephenson, MI is 62. This is a decrease of -8.0% 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 | $434,000 | 9.0% |
Listing Count | 11 | 52.0% |
| Listings as % of Homes | 0.2% | 52.0% |
Days on Market | 62 | -8.0% |
Demographics — Stephenson, MI
As of the latest ACS Survey released in 2023, Stephenson, MI has a population of 1,280, which has remained stable by 0.4% over the past 5 years. Stephenson, MI is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,280 | 0.4% |
% Under 18 | 24.8% | 49.4% |
% Seniors | 27.2% | 10.6% |
% WFH | 7.4% | 45.1% |
% w/ College Degree | 16.8% | 9.1% |
As of the latest ACS Survey released in 2023, Stephenson, MI is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Stephenson, MI is hispanic, making up 3.1% of the population. Foreign-born residents account for 0.5% of the population in Stephenson, MI, and this percentage has decreased by 58.3% 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 | 91.6% | -4.5% |
% Black | 2.3% | ∞% |
% Hispanic | 3.1% | 72.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -58.3% |
Mortgage and Risk — Stephenson, MI
Stephenson, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Stephenson, MI
Stephenson, 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 | $840 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Stephenson, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $177,000 |
| Median Household Income | $59,300 |