Mount Morris, MI—48458
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Morris, MI
As of Oct '25, the median home price in Mount Morris, MI is $107,000, with a year-over-year change of 3.1%. This indicates that home prices in Mount Morris, 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 | $107,000 | 3.1% |
| Single Family | $108,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | 2.1% |
3 Bed | $134,000 | 4.7% |
4 Bed | $172,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Morris, MI
As of July '25, Rentcast reports the average rent in Mount Morris, MI is $864, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Mount Morris, MI is 1-bedrooms: $687, 2-bedrooms: $823, 3-bedrooms: $1,280. The most common rental property sizes in Mount Morris, MI are 3-bedroom and 2-bedroom, accounting for 42.9% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $864 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $687 |
| 2 Bed Rent | $825 | $823 |
| 3 Bed Rent | $1,100 | $1,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Morris, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Morris, MI is 67. This is a increase of 51.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $103,000 | -20.0% |
Listing Count | 89 | 40.0% |
| Listings as % of Homes | 0.5% | 40.0% |
Days on Market | 67 | 51.0% |
Demographics — Mount Morris, MI
As of the latest ACS Survey released in 2023, Mount Morris, MI has a population of 19,400, which has increased by 4.4% over the past 5 years. Mount Morris, MI is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 8.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | 4.4% |
% Under 18 | 22.7% | 7.1% |
% Seniors | 16.0% | -4.2% |
% WFH | 3.5% | 9.4% |
% w/ College Degree | 8.2% | -7.9% |
As of the latest ACS Survey released in 2023, Mount Morris, MI is a predominantly white area, with 65.6% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Mount Morris, MI is black, making up 22.1% of the population. Foreign-born residents account for 2.4% of the population in Mount Morris, MI, and this percentage has increased by 9.1% 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 | 65.6% | -4.7% |
% Black | 22.1% | -1.3% |
% Hispanic | 7.1% | 102.9% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 2.4% | 9.1% |
Mortgage and Risk — Mount Morris, MI
According to HUD data as of 2023, there were 308 mortgage originations in Mount Morris, MI, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Mount Morris, 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 | 308 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mount Morris, MI
Mount Morris, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 261 |
Total Units Section 8 | 261 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $700 | $790 |
| 2 Bedroom | $145 | $825 | $970 |
| 3 Bedroom | $100 | $1,100 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Mount Morris, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $107,000 |
| Median Household Income | $43,500 |