Lennon, MI—48449
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lennon, MI
As of Oct '25, the median home price in Lennon, MI is $177,000, with a year-over-year change of -17.8%. This indicates that home prices in Lennon, MI are decreasing. 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 | $177,000 | -17.8% |
| Single Family | $210,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $239,000 | 6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lennon, MI
Lennon, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lennon, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lennon, MI is 37. This is a decrease of -44.0% 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 | $362,000 | 36.0% |
Listing Count | 6 | -26.0% |
| Listings as % of Homes | 0.8% | -26.0% |
Days on Market | 37 | -44.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Lennon, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $177,000 |
| Median Household Income | $65,700 |