Temperance Real Estate
3 neighborhoods and communities
Active listings 50
Sold (past 12mo) 246
HFG +9.8%ⓘ
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.
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Frequently Asked Questions about Temperance
Are there homes available in Temperance right now?
Temperance currently has 50 homes listed for sale. The median asking price is $289,450.
What is the median home price in Temperance?
The median sale price in Temperance is $289,450, based on 246 closed sales over the past 12 months.
How fast do homes sell in Temperance?
Homes in Temperance sell in an average of 58 days, based on 246 sales over the past 12 months.
What are the best neighborhoods in Temperance?
There are 3 neighborhoods and condo communities in Temperance. Of these, 3 are condo communities.
What school districts serve Temperance?
Temperance is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Temperance may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Temperance a buyer's or seller's market?
With 2.4 months of inventory, Temperance is currently a seller's market. This is based on 50 active listings and 246 sales in the past 12 months.
How are property taxes calculated in Temperance?
Michigan property taxes in Temperance are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Temperance?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Temperance is +9.8%. Shrinking household sizes (from 2.52 to 2.31 persons per household) have increased the number of households needing housing by 328 since 2009 — independent of the 0.7% population growth. This is a secondary demographic indicator, not a primary market measure.
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