Housing in New Lothrop, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$131,400

Median List Price

N/A

Price Per Sq Ft

$119

Days on Market

Active Inventory

N/A

Zillow Home Value

$230,786

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 75.2%List Price ↑ 25.0%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

97.4%

Buyer's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%New Listings ↑ 0.0%Pending ↑ 0.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$119

Sale $/SF ↑ 56.6%List $/SF ↑ 6.8%Mar 24 → Jan 26

New Lothrop vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. New Lothrop is highlighted.

Median Home Value

50th%ilemost expensive$178,100show rank

Median Rent

23rd%ilemost expensive rent$750show rank

Median Price Per Sq Ft

25th%ilemost expensive $/sqft$119show rank

Rent Burden

7th%ilehighest rent burden11.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$178,100

Median Rent

$750

Total Housing Units

283

Vacancy Rate

7.4%

Owner Occupied

67.2%

Renter Occupied

32.8%

Median Property Tax

$3,324

per year

Monthly Cost (w/ Mortgage)

$929

Housing Types

Single Family

72.1%

Multi-Family

25.1%

Mobile Home

2.8%

The current median sale price in New Lothrop, MI is $131,400 according to Redfin data. Homes spend a median of 20 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $119. The median rent is $750 per month (Census ACS). About 67.2% of housing units are owner-occupied. The median year homes were built is 1971. There are 283 total housing units.