Davison, MI—48423
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davison, MI
As of Oct '25, the median home price in Davison, MI is $248,000, with a year-over-year change of 4.9%. This indicates that home prices in Davison, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 4.9% |
| Single Family | $253,000 | 5.9% |
| Condos | $222,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 5.5% |
3 Bed | $241,000 | 5.7% |
4 Bed | $309,000 | 5.1% |
| 5 Bed | $376,000 | 4.7% |
% of Housing Stock
Rental Trends — Davison, MI
As of July '25, Rentcast reports the average rent in Davison, MI is $1,500, with a year-over-year rent change of -12.8%. Per bedroom, the median rent as of July '25 in Davison, MI is 1-bedrooms: $803, 2-bedrooms: $1,700, 3-bedrooms: $1,960. The most common rental property sizes in Davison, MI are 1-bedroom and 2-bedroom, accounting for 40.0% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,370 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $765 | $803 |
| 2 Bed Rent | $1,380 | $1,700 |
| 3 Bed Rent | $2,200 | $1,960 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Davison, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Davison, MI is 40. This is a increase of 12.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 10.0% |
Listing Count | 116 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 40 | 12.0% |
Demographics — Davison, MI
As of the latest ACS Survey released in 2023, Davison, MI has a population of 33,500, which has increased by 5.4% over the past 5 years. Davison, MI is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,500 | 5.4% |
% Under 18 | 22.2% | 3.3% |
% Seniors | 22.0% | 20.9% |
% WFH | 8.0% | 196.3% |
% w/ College Degree | 24.7% | 11.3% |
As of the latest ACS Survey released in 2023, Davison, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Davison, MI is hispanic, making up 3.6% of the population. Foreign-born residents account for 1.7% of the population in Davison, MI, and this percentage has decreased by 26.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.2% | 2.3% |
% Black | 1.9% | -44.1% |
% Hispanic | 3.6% | -14.3% |
% Asian | 0.2% | -88.2% |
% Foreign Born | 1.7% | -26.1% |
Mortgage and Risk — Davison, MI
According to HUD data as of 2023, there were 695 mortgage originations in Davison, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Davison, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 695 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Davison, MI
Davison, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 366 |
Total Units Section 8 | 220 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 93.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $765 | $920 |
| 2 Bedroom | -$210 | $1,380 | $1,170 |
| 3 Bedroom | -$760 | $2,200 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Davison, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $248,000 |
| Median Household Income | $64,100 |