Dexter, MI—48130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dexter, MI
As of Oct '25, the median home price in Dexter, MI is $494,000, with a year-over-year change of 2.8%. This indicates that home prices in Dexter, MI are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 2.8% |
| Single Family | $510,000 | 3.7% |
| Condos | $430,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $363,000 | 3.7% |
3 Bed | $445,000 | 4.0% |
4 Bed | $578,000 | 4.0% |
| 5 Bed | $714,000 | 4.2% |
% of Housing Stock
Rental Trends — Dexter, MI
As of July '25, Rentcast reports the average rent in Dexter, MI is $2,570, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Dexter, MI is 1-bedrooms: $2,500, 2-bedrooms: $2,080, 3-bedrooms: $2,570, 4-bedrooms: $3,320. The most common rental property sizes in Dexter, MI are 2-bedroom and 3-bedroom, accounting for 51.1% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $2,100 | $2,080 |
| 3 Bed Rent | $2,590 | $2,570 |
| 4 Bed Rent | $3,250 | $3,320 |
% of Rental Stock
Property Listings — Dexter, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Dexter, MI is 48. This is a increase of 110.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | -4.0% |
Listing Count | 61 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 48 | 110.0% |
Demographics — Dexter, MI
As of the latest ACS Survey released in 2023, Dexter, MI has a population of 16,800, which has increased by 5.8% over the past 5 years. Dexter, MI is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 5.8% |
% Under 18 | 25.2% | -9.4% |
% Seniors | 15.8% | 0.0% |
% WFH | 21.3% | 191.8% |
% w/ College Degree | 66.5% | 16.5% |
As of the latest ACS Survey released in 2023, Dexter, MI is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Dexter, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 4.6% of the population in Dexter, MI, and this percentage has increased by 9.5% 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 | 89.1% | -3.2% |
% Black | 0.2% | -75.0% |
% Hispanic | 3.4% | -5.6% |
% Asian | 2.3% | 109.1% |
% Foreign Born | 4.6% | 9.5% |
Mortgage and Risk — Dexter, MI
According to HUD data as of 2023, there were 470 mortgage originations in Dexter, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Dexter, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 470 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Dexter, MI
As of 2024, the percent of homes in Dexter, MI under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Dexter, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,010 | $2,500 | $1,490 |
| 2 Bedroom | -$320 | $2,100 | $1,780 |
| 3 Bedroom | -$450 | $2,590 | $2,140 |
| 4 Bedroom | -$890 | $3,250 | $2,360 |
Affordability — Dexter, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $494,000 |
| Median Household Income | $132,000 |