Gwinn, MI—49841
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gwinn, MI
As of Oct '25, the median home price in Gwinn, MI is $180,000, with a year-over-year change of 6.6%. This indicates that home prices in Gwinn, MI are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | 6.6% |
| Single Family | $194,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 10.2% |
3 Bed | $223,000 | 7.7% |
4 Bed | $236,000 | 6.3% |
| 5 Bed | $129,000 | -12.8% |
% of Housing Stock
Rental Trends — Gwinn, MI
As of July '25, Rentcast reports the average rent in Gwinn, MI is $950, with a year-over-year rent change of 137.5%. Per bedroom, the median rent as of July '25 in Gwinn, MI is 3-bedrooms: $950. The most common rental property sizes in Gwinn, MI are 3-bedroom and 1-bedroom, accounting for 54.4% and 17.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gwinn, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gwinn, MI is 30. This is a increase of 62.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | 25.0% |
Listing Count | 19 | -21.0% |
| Listings as % of Homes | 0.2% | -21.0% |
Days on Market | 30 | 62.0% |
Demographics — Gwinn, MI
As of the latest ACS Survey released in 2023, Gwinn, MI has a population of 7,360, which has increased by 1.6% over the past 5 years. Gwinn, MI is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,360 | 1.6% |
% Under 18 | 25.8% | 12.7% |
% Seniors | 21.5% | 20.1% |
% WFH | 5.9% | 84.4% |
% w/ College Degree | 23.9% | 21.9% |
As of the latest ACS Survey released in 2023, Gwinn, MI is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Gwinn, MI is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.2% of the population in Gwinn, MI, and this percentage has decreased by 36.8% 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 | 87.7% | -2.9% |
% Black | 1.5% | 200.0% |
% Hispanic | 2.3% | -4.2% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 1.2% | -36.8% |
Mortgage and Risk — Gwinn, MI
According to HUD data as of 2023, there were 119 mortgage originations in Gwinn, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Gwinn, MI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gwinn, MI
Gwinn, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | $200 | $950 | $1,150 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Gwinn, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $180,000 |
| Median Household Income | $61,300 |