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Lennon, MI—48449

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$181,000
13.2% YoY Growth
Household Income
$65,700
33.4% YoY Growth
Days on Market
36
78.0% Shorter YoY
Home Price Forecast
1.4%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lennon, MI

As of Dec '25, the median home price in Lennon, MI is $181,000, with a year-over-year change of -13.2%. This indicates that home prices in Lennon, MI are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$181,000-13.2%
Single Family $210,0002.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$236,0006.3%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.4%
    2 Bedrooms
    17.0%
    3 Bedrooms
    64.3%
    4 Bedrooms
    8.6%
    5+ Bedrooms
    6.7%

    Rental Trends — Lennon, MI

    Lennon, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    13.2%
    2 Bedrooms
    27.3%
    3 Bedrooms
    50.4%
    4 Bedrooms
    7.4%
    5+ Bedrooms
    1.7%

    Property Listings — Lennon, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lennon, MI is 11. This is a decrease of -64.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$267,00036.0%
    Listing Count
    		939.0%
    Listings as % of Homes0.8%39.0%
    Days on Market
    		36-78.0%
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    Demographics — Lennon, MI

    As of the latest ACS Survey released in 2023, Lennon, MI has a population of 2,760, which has decreased by -5.7% over the past 5 years. Lennon, MI is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,760-5.7%
    % Under 18
    		24.2%3.9%
    % Seniors
    		18.2%-1.1%
    % WFH
    		9.2%666.7%
    % w/ College Degree
    		19.0%59.7%
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    As of the latest ACS Survey released in 2023, Lennon, MI is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Lennon, MI is hispanic, making up 5.1% of the population. Foreign-born residents account for 0.1% of the population in Lennon, MI, and this percentage has decreased by 83.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.6%-5.9%
    % Black
    		0.3%-83.3%
    % Hispanic
    		5.1%264.3%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.1%-83.3%
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    Mortgage and Risk — Lennon, MI

    According to HUD data as of 2023, there were 102 mortgage originations in Lennon, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lennon, MI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		102
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Lennon, MI

    Lennon, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$790
    2 BedroomN/AN/A$1,010
    3 BedroomN/AN/A$1,320
    4 BedroomN/AN/A$1,460

    Affordability — Lennon, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$181,000
    Median Household Income$65,700

    Lennon, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Corunna, MI

    48817

    Vernon

    48476

    Durand, MI

    48429

    Flushing, MI

    48433

    Swartz Creek, MI

    48473

    Frequently Asked Questions