Burton, MI—48509
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burton, MI
As of Oct '25, the median home price in Burton, MI is $177,000, with a year-over-year change of 6.0%. This indicates that home prices in Burton, 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 | $177,000 | 6.0% |
| Single Family | $176,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 5.5% |
3 Bed | $189,000 | 5.0% |
4 Bed | $233,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burton, MI
As of July '25, Rentcast reports the average rent in Burton, MI is $1,690, with a year-over-year rent change of 111.2%. Per bedroom, the median rent as of July '25 in Burton, MI is 3-bedrooms: $1,690. The most common rental property sizes in Burton, MI are 3-bedroom and 2-bedroom, accounting for 55.7% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,680 | $1,690 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Burton, MI is 48. This is a increase of 46.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -9.0% |
Listing Count | 37 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 48 | 46.0% |
Demographics — Burton, MI
As of the latest ACS Survey released in 2023, Burton, MI has a population of 9,530, which has increased by 8.0% over the past 5 years. Burton, MI is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,530 | 8.0% |
% Under 18 | 20.2% | -4.3% |
% Seniors | 20.6% | 18.4% |
% WFH | 4.9% | 25.6% |
% w/ College Degree | 16.2% | -3.6% |
As of the latest ACS Survey released in 2023, Burton, MI is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Burton, MI is black, making up 6.6% of the population. Foreign-born residents account for 2.6% of the population in Burton, MI, and this percentage has increased by 4.0% 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 | 79.3% | -10.1% |
% Black | 6.6% | 53.5% |
% Hispanic | 3.8% | 8.6% |
% Asian | 0.9% | -40.0% |
% Foreign Born | 2.6% | 4.0% |
Mortgage and Risk — Burton, MI
According to HUD data as of 2023, there were 287 mortgage originations in Burton, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Burton, 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 | 287 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Burton, MI
Burton, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | -$310 | $1,680 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Burton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $177,000 |
| Median Household Income | $64,400 |