FLINT
As of May 2025, Flint, Michigan, presents a real estate market characterized by affordability and potential for growth. Here’s an overview for prospective buyers, sellers, and investors:
Market Snapshot
Average Home Value | Median Listing Price | Median Sold Price: | Median Days on Market |
Approximately $62,949, reflecting a 1.5% decrease over the past year. | Around $70,000, up 16.8% year-over-year. | Approximately $80,140, marking a 0.8% increase from the previous year. | Homes typically sell after 49 days, compared to 26 days last year. |
1. Affordability with Growth Potential
Flint’s housing market remains one of the most affordable in Michigan, with median home prices significantly lower than the state average. This affordability, coupled with recent price increases, suggests potential for appreciation.
2. Neighborhood Variations
Home values vary across neighborhoods:
- North Flint: Median sale price of $28,000, up 7% year-over-year.
- South Side: Median listing price of $44,900, down 3% year-over-year.
These disparities offer diverse options for buyers with varying budgets.
3. Rental Market Dynamics
Average Rent: Approximately $900, which is 57% lower than the national average.
Rental Vacancy Rate: Around 7%, indicating a relatively tight rental market.
Renter Demographics: Renters constitute about 46% of Flint’s housing market, with a median household income of $24,951.
Investment Considerations
Market Entry Point: Flint's affordability allows investors to enter the market with lower capital requirements compared to other Michigan cities.
Growth Prospects: While some areas show declining prices, others exhibit appreciation, suggesting selective opportunities for growth.
Recommendations
For Sellers: Consider the increased median listing prices when setting your home's price, but remain competitive given the longer days on market.
For Investors: Focus on areas with low vacancy rates and stable rental demand to maximize returns.