Chesaning, MI—48616
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesaning, MI
As of Oct '25, the median home price in Chesaning, MI is $203,000, with a year-over-year change of 7.4%. This indicates that home prices in Chesaning, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 7.4% |
| Single Family | $203,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $138,000 | 6.2% |
3 Bed | $200,000 | 7.0% |
4 Bed | $229,000 | 7.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesaning, MI
As of July '25, Rentcast reports the average rent in Chesaning, MI is $612, with a year-over-year rent change of 12.3%. Per bedroom, the median rent as of July '25 in Chesaning, MI is 2-bedrooms: $612. The most common rental property sizes in Chesaning, MI are 2-bedroom and 3-bedroom, accounting for 40.0% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $612 | $612 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $612 | $612 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chesaning, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesaning, MI is 56. This is a decrease of -47.0% 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 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 | $196,000 | 21.0% |
Listing Count | 21 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 56 | -47.0% |
Demographics — Chesaning, MI
As of the latest ACS Survey released in 2023, Chesaning, MI has a population of 7,700, which has increased by 5.6% over the past 5 years. Chesaning, MI is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,700 | 5.6% |
% Under 18 | 19.0% | -15.9% |
% Seniors | 22.9% | 10.6% |
% WFH | 6.5% | 80.6% |
% w/ College Degree | 13.8% | -14.8% |
As of the latest ACS Survey released in 2023, Chesaning, MI is a predominantly white area, with 92.0% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Chesaning, MI is hispanic, making up 3.9% of the population. Foreign-born residents account for 0.9% of the population in Chesaning, MI, and this percentage has decreased by 10.0% 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 | 92.0% | 1.1% |
% Black | 0.9% | 200.0% |
% Hispanic | 3.9% | -44.3% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 0.9% | -10.0% |
Mortgage and Risk — Chesaning, MI
According to HUD data as of 2023, there were 172 mortgage originations in Chesaning, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Chesaning, MI. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Chesaning, MI
Chesaning, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | $318 | $612 | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Chesaning, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $203,000 |
| Median Household Income | $67,800 |