Fraser, MI—48026
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fraser, MI
As of Oct '25, the median home price in Fraser, MI is $231,000, with a year-over-year change of 3.4%. This indicates that home prices in Fraser, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 3.4% |
| Single Family | $244,000 | 3.4% |
| Condos | $133,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | 2.2% |
3 Bed | $238,000 | 3.5% |
4 Bed | $299,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fraser, MI
As of July '25, Rentcast reports the average rent in Fraser, MI is $1,480, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Fraser, MI is 1-bedrooms: $1,180, 2-bedrooms: $1,440, 3-bedrooms: $1,960. The most common rental property sizes in Fraser, MI are 1-bedroom and 2-bedroom, accounting for 38.1% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $1,180 |
| 2 Bed Rent | $1,450 | $1,440 |
| 3 Bed Rent | $1,620 | $1,960 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fraser, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Fraser, MI is 34. This is a increase of 11.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | 1.0% |
Listing Count | 39 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 34 | 11.0% |
Demographics — Fraser, MI
As of the latest ACS Survey released in 2023, Fraser, MI has a population of 14,600, which has remained stable by -0.2% over the past 5 years. Fraser, MI is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | -0.2% |
% Under 18 | 19.2% | -4.5% |
% Seniors | 20.0% | 6.4% |
% WFH | 14.2% | 545.5% |
% w/ College Degree | 21.1% | -7.5% |
As of the latest ACS Survey released in 2023, Fraser, MI is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Fraser, MI is black, making up 9.2% of the population. Foreign-born residents account for 7.2% of the population in Fraser, MI, and this percentage has increased by 14.3% 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 | 80.8% | -6.5% |
% Black | 9.2% | 46.0% |
% Hispanic | 2.8% | -12.5% |
% Asian | 1.8% | 5.9% |
% Foreign Born | 7.2% | 14.3% |
Mortgage and Risk — Fraser, MI
According to HUD data as of 2023, there were 279 mortgage originations in Fraser, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Fraser, MI. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 279 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Fraser, MI
Fraser, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 480 |
Total Units Section 8 | 480 |
% Rentals under Section 8 | 26.3% |
% Occupied Section 8 | 81.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $925 | $920 |
| 2 Bedroom | -$280 | $1,450 | $1,170 |
| 3 Bedroom | -$180 | $1,620 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Fraser, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $231,000 |
| Median Household Income | $61,100 |