Mason, MI—48854
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mason, MI
As of Oct '25, the median home price in Mason, MI is $270,000, with a year-over-year change of 3.6%. This indicates that home prices in Mason, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 3.6% |
| Single Family | $277,000 | 3.4% |
| Condos | $199,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $194,000 | 4.3% |
3 Bed | $273,000 | 3.8% |
4 Bed | $334,000 | 2.5% |
| 5 Bed | $402,000 | 1.5% |
% of Housing Stock
Rental Trends — Mason, MI
As of July '25, Rentcast reports the average rent in Mason, MI is $2,090, with a year-over-year rent change of 65.9%. Per bedroom, the median rent as of July '25 in Mason, MI is 2-bedrooms: $1,650, 4-bedrooms: $2,400. The most common rental property sizes in Mason, MI are 2-bedroom and 3-bedroom, accounting for 50.2% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,300 | $2,400 |
% of Rental Stock
Property Listings — Mason, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mason, MI is 43. This is a increase of 13.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -2.0% |
Listing Count | 66 | 52.0% |
| Listings as % of Homes | 0.4% | 52.0% |
Days on Market | 43 | 13.0% |
Demographics — Mason, MI
As of the latest ACS Survey released in 2023, Mason, MI has a population of 19,400, which has decreased by -1.9% over the past 5 years. Mason, MI is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | -1.9% |
% Under 18 | 21.6% | -4.4% |
% Seniors | 17.6% | 5.4% |
% WFH | 14.1% | 252.5% |
% w/ College Degree | 38.5% | 18.8% |
As of the latest ACS Survey released in 2023, Mason, MI is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Mason, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 3.0% of the population in Mason, MI, and this percentage has increased by 3.4% 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 | 89.7% | -1.1% |
% Black | 1.5% | -48.3% |
% Hispanic | 4.1% | 17.1% |
% Asian | 0.8% | -50.0% |
% Foreign Born | 3.0% | 3.4% |
Mortgage and Risk — Mason, MI
According to HUD data as of 2023, there were 377 mortgage originations in Mason, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Mason, MI. Investor activity is low, as 0.0% 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 | 377 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mason, MI
Mason, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | -$420 | $1,600 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | -$740 | $2,300 | $1,560 |
Affordability — Mason, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $270,000 |
| Median Household Income | $92,000 |