Burton, MI—48519
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 $178,000, with a year-over-year change of 5.7%. This indicates that home prices in Burton, MI are increasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 5.7% |
| Single Family | $175,000 | 6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 6.9% |
3 Bed | $191,000 | 3.2% |
4 Bed | $246,000 | 7.0% |
| 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 $2,500, with a year-over-year rent change of 28.9%. Per bedroom, the median rent as of July '25 in Burton, MI is 4-bedrooms: $2,500. The most common rental property sizes in Burton, MI are 1-bedroom and 2-bedroom, accounting for 38.2% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| 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 | $2,500 | $2,500 |
% 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 28. This is a decrease of -12.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | 36.0% |
Listing Count | 28 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 28 | -12.0% |
Demographics — Burton, MI
As of the latest ACS Survey released in 2023, Burton, MI has a population of 7,520, which has increased by 3.6% over the past 5 years. Burton, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,520 | 3.6% |
% Under 18 | 20.4% | -8.1% |
% Seniors | 21.3% | 3.9% |
% WFH | 5.8% | 728.6% |
% w/ College Degree | 16.4% | -6.3% |
As of the latest ACS Survey released in 2023, Burton, MI is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Burton, MI is black, making up 14.0% of the population. Foreign-born residents account for 0.5% of the population in Burton, MI, and this percentage has decreased by 58.3% 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 | 76.4% | -11.6% |
% Black | 14.0% | 84.2% |
% Hispanic | 5.0% | 127.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -58.3% |
Mortgage and Risk — Burton, MI
According to HUD data as of 2023, there were 149 mortgage originations in Burton, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
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 | 227 |
Total Units Section 8 | 227 |
% Rentals under Section 8 | 21.8% |
% Occupied Section 8 | 96.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | -$1,070 | $2,500 | $1,430 |
Affordability — Burton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $178,000 |
| Median Household Income | $60,600 |