Tovey—62570
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tovey
As of Nov '25, the median home price in Tovey is $88,000, with a year-over-year change of 8.5%. This indicates that home prices in Tovey are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $88,000 | 8.5% |
| Single Family | $88,000 | 10.0% |
| 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 — Tovey
Tovey 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 — Tovey
As of Nov '25, Realtor.com reports that the median days on market for a home in Tovey is 13. This is a increase of 43.0% 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 | $110,000 | 16.0% |
Listing Count | 1 | 0.0% |
| Listings as % of Homes | N/A | 0.0% |
Days on Market | 13 | 43.0% |
Demographics — Tovey
As of the latest ACS Survey released in 2023, Tovey has a population of 707, which has increased by 37.5% over the past 5 years. Tovey is a popular place for families, as children make up 33.5% of the population. The area has a poorly educated workforce, with 10.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 707 | 37.5% |
% Under 18 | 33.5% | 12.4% |
% Seniors | 5.8% | -63.7% |
% WFH | 7.7% | 285.0% |
% w/ College Degree | 10.9% | -18.7% |
As of the latest ACS Survey released in 2023, Tovey is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 20.6% in the last 5 years. The second most common race or ethnicity in Tovey is hispanic, making up 21.9% of the population. Foreign-born residents account for 2.5% of the population in Tovey, 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 | 77.9% | -20.6% |
% Black | 0.0% | N/A |
% Hispanic | 21.9% | 1,052.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.5% | ∞% |
Mortgage and Risk — Tovey
Tovey 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 |
Rentals and Section 8 — Tovey
Tovey lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | $860 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Tovey
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 0.9 |
| Median Home Price | $88,000 |
| Median Household Income | $81,200 |