Fenton, MI 48430 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fenton, MI—48430

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$372,000

3.8% YoY Growth

Household Income

$99,800

38.0% YoY Growth

Days on Market

54.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,150

21.4% YoY Growth

1-Bed Rent

$1,100

27.3% YoY Growth

2-Bed Rent

$1,150

36.6% YoY Growth

3-Bed Rent

$1,800

23.6% YoY Growth

Home Price Trends — Fenton, MI

As of May '26, the median home price in Fenton, MI is $372,000, with a year-over-year change of 3.8%. This indicates that home prices in Fenton, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$372,000	3.8%
Single Family	$382,000	3.2%
Condos	$300,000	5.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

0.7%

1 Bedroom

23.7%

2 Bedrooms

43.6%

3 Bedrooms

23.9%

4 Bedrooms

7.7%

5+ Bedrooms

0.3%

Property Listings — Fenton, MI

As of May '26, Realtor.com reports that the median days on market for a home in Fenton, MI is 47. This is a increase of 54.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$475,000	4.0%
Listing Count	159	27.0%
Listings as % of Homes	0.5%	27.0%
Days on Market	47	54.0%

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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%

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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%

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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%

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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

Fenton, MI—48430

Key Metrics at a Glance

Home Price Trends — Fenton, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fenton, MI

% of Rental Stock

Property Listings — Fenton, MI

Demographics — Fenton, MI

Race and Ethnicity

Mortgage and Risk — Fenton, MI

Mortgages

Rentals and Section 8 — Fenton, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Fenton, MI

Home Price to Income Ratio

Fenton, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Linden, MI

Hartland, MI

Highland, MI

Holly, MI

Gaines, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$372,000
Median Household Income	$99,800

Fenton, MI—48430

Key Metrics at a Glance

Home Price Trends — Fenton, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fenton, MI

% of Rental Stock

Property Listings — Fenton, MI

Demographics — Fenton, MI

Race and Ethnicity

Mortgage and Risk — Fenton, MI

Mortgages

Rentals and Section 8 — Fenton, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Fenton, MI

Home Price to Income Ratio

Fenton, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Linden, MI

Hartland, MI

Highland, MI

Holly, MI

Gaines, MI

Frequently Asked Questions

What is the average home price in Fenton, MI 48430?

How have home prices in Fenton, MI 48430 changed over the past year?

What is the home price projection for Fenton, MI 48430?

What are the demographics of Fenton, MI 48430?

How long does it take homes to sell in Fenton, MI 48430?

What is the average rent price in Fenton, MI 48430?