Pellston Real Estate
2 active listings · 1 sold in the past 12mo
$323,950
Median List Price
1
Sold (past 12mo)
-6
Avg Days on Market
+7.4%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(2)
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For Sale
1/42
$350,000
3965 Saint Nicholas Road, Pellston, MI 49769
4 bd2 ba
Single Family
Under Contract
1/35
$297,900
6708 Tremble Trail, Pellston, MI 49769
3 bd2 ba0.98 ac
Single Family
Recently Sold(1)
| Address | Sold Price | Date Sold |
|---|---|---|
| 7840 Douglas Lake Road, Pellston, MI 49769 | $340,000 | Dec 22, 2025 |
Frequently Asked Questions about Pellston
Are there homes available in Pellston right now?
There are currently 2 active listings in Pellston. The median asking price is $323,950.
What school districts serve Pellston?
Multiple school districts may serve Pellston. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How are property taxes calculated in Pellston?
Property taxes in Pellston are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Pellston?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Pellston is +7.4%. Shrinking household sizes (from 2.47 to 2.57 persons per household) have increased the number of households needing housing by 23 since 2009 — independent of the 11.8% population growth. This is a secondary demographic indicator, not a primary market measure.