Escanaba, MI 49829 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Escanaba, MI—49829

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$176,000

12.1% YoY Growth

Household Income

$45,800

17.0% YoY Growth

Days on Market

37.0% Longer YoY

Home Price Forecast

4.7%

Median Rent

$975

10.2% YoY Growth

1-Bed Rent

$950

19.8% YoY Growth

2-Bed Rent

$1,200

6.9% YoY Growth

3-Bed Rent

$975

4.1% YoY Growth

Home Price Trends — Escanaba, MI

As of Nov '25, the median home price in Escanaba, MI is $176,000, with a year-over-year change of 12.1%. This indicates that home prices in Escanaba, MI are increasing. According to Zillow, the 1-year price projection is 4.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$176,000	12.1%
Single Family	$176,000	12.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Escanaba, MI

As of July '25, Rentcast reports the average rent in Escanaba, MI is $1,080, with a year-over-year rent change of 10.2%. Per bedroom, the median rent as of July '25 in Escanaba, MI is 1-bedrooms: $975, 2-bedrooms: $1,090, 3-bedrooms: $1,160. The most common rental property sizes in Escanaba, MI are 2-bedroom and 1-bedroom, accounting for 45.5% and 33.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$975	$1,080
Studio Rent	N/A	N/A
1 Bed Rent	$950	$975
2 Bed Rent	$1,200	$1,090
3 Bed Rent	$975	$1,160
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.6%

1 Bedroom

33.3%

2 Bedrooms

45.5%

3 Bedrooms

16.8%

4 Bedrooms

1.5%

5+ Bedrooms

0.4%

Property Listings — Escanaba, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Escanaba, MI is 79. This is a increase of 37.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$297,000	23.0%
Listing Count	49	32.0%
Listings as % of Homes	0.3%	32.0%
Days on Market	79	37.0%

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Demographics — Escanaba, MI

As of the latest ACS Survey released in 2023, Escanaba, MI has a population of 16,900, which has remained stable by -0.5% over the past 5 years. Escanaba, MI is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,900	-0.5%
% Under 18	20.1%	4.1%
% Seniors	24.3%	7.0%
% WFH	4.5%	32.4%
% w/ College Degree	18.5%	-14.7%

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As of the latest ACS Survey released in 2023, Escanaba, MI is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Escanaba, MI is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.7% of the population in Escanaba, MI, and this percentage has decreased by 46.2% 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	88.0%	-5.3%
% Black	0.3%	-50.0%
% Hispanic	2.3%	130.0%
% Asian	0.3%	-50.0%
% Foreign Born	0.7%	-46.2%

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Mortgage and Risk — Escanaba, MI

According to HUD data as of 2023, there were 58 mortgage originations in Escanaba, MI, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Escanaba, MI. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	58
% Conventional Loans	53.0%
% Government Loans	47.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — Escanaba, MI

Escanaba, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	589
Total Units Section 8	415
% Rentals under Section 8	N/A
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$240	$950	$710
2 Bedroom	-$270	$1,200	$930
3 Bedroom	$255	$975	$1,230
4 Bedroom	N/A	N/A	$1,580

Escanaba, MI—49829

Key Metrics at a Glance

Home Price Trends — Escanaba, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Escanaba, MI

% of Rental Stock

Property Listings — Escanaba, MI

Demographics — Escanaba, MI

Race and Ethnicity

Mortgage and Risk — Escanaba, MI

Mortgages

Rentals and Section 8 — Escanaba, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Escanaba, MI

Home Price to Income Ratio

Escanaba, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Wells, MI

Gladstone, MI

Bark River, MI

Indiantown, MI

Campbell

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$176,000
Median Household Income	$45,800

Escanaba, MI—49829

Key Metrics at a Glance

Home Price Trends — Escanaba, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Escanaba, MI

% of Rental Stock

Property Listings — Escanaba, MI

Demographics — Escanaba, MI

Race and Ethnicity

Mortgage and Risk — Escanaba, MI

Mortgages

Rentals and Section 8 — Escanaba, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Escanaba, MI

Home Price to Income Ratio

Escanaba, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Wells, MI

Gladstone, MI

Bark River, MI

Indiantown, MI

Campbell

Frequently Asked Questions

What is the average home price in Escanaba, MI 49829?

How have home prices in Escanaba, MI 49829 changed over the past year?

What is the home price projection for Escanaba, MI 49829?

What are the demographics of Escanaba, MI 49829?

How long does it take homes to sell in Escanaba, MI 49829?

What is the average rent price in Escanaba, MI 49829?