Fenton, MI—48430
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fenton, MI
As of Oct '25, the median home price in Fenton, MI is $356,000, with a year-over-year change of 4.3%. This indicates that home prices in Fenton, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 4.3% |
| Single Family | $366,000 | 4.3% |
| Condos | $290,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | 3.6% |
2 Bed | $248,000 | 3.8% |
3 Bed | $336,000 | 3.7% |
4 Bed | $443,000 | 3.7% |
| 5 Bed | $605,000 | 5.2% |
% of Housing Stock
Rental Trends — Fenton, MI
As of July '25, Rentcast reports the average rent in Fenton, MI is $1,540, with a year-over-year rent change of -21.4%. Per bedroom, the median rent as of July '25 in Fenton, MI is 1-bedrooms: $1,170, 2-bedrooms: $1,230, 3-bedrooms: $2,460, 4-bedrooms: $2,680. The most common rental property sizes in Fenton, MI are 2-bedroom and 3-bedroom, accounting for 43.6% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,170 |
| 2 Bed Rent | $1,150 | $1,230 |
| 3 Bed Rent | $1,800 | $2,460 |
| 4 Bed Rent | $3,000 | $2,680 |
% of Rental Stock
Property Listings — Fenton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Fenton, MI is 47. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | -10.0% |
Listing Count | 150 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 47 | -11.0% |
Demographics — Fenton, MI
As of the latest ACS Survey released in 2023, Fenton, MI has a population of 38,700, which has increased by 4.9% over the past 5 years. Fenton, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | 4.9% |
% Under 18 | 21.9% | -3.9% |
% Seniors | 20.0% | 15.6% |
% WFH | 14.4% | 157.1% |
% w/ College Degree | 38.3% | 10.4% |
As of the latest ACS Survey released in 2023, Fenton, MI is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Fenton, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.5% of the population in Fenton, MI, and this percentage has increased by 47.1% 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 | 91.1% | -2.7% |
% Black | 1.2% | 20.0% |
% Hispanic | 2.9% | 11.5% |
% Asian | 1.4% | 250.0% |
% Foreign Born | 2.5% | 47.1% |
Mortgage and Risk — Fenton, MI
According to HUD data as of 2023, there were 796 mortgage originations in Fenton, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Fenton, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 796 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fenton, MI
As of 2024, the percent of homes in Fenton, MI under the Section 8 program is 6.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fenton, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 158 |
Total Units Section 8 | 158 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,100 | $1,180 |
| 2 Bedroom | $260 | $1,150 | $1,410 |
| 3 Bedroom | $40 | $1,800 | $1,840 |
| 4 Bedroom | -$910 | $3,000 | $2,090 |
Affordability — Fenton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $356,000 |
| Median Household Income | $99,800 |