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Mount Pleasant, MI—48858

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$229,000
6.5% YoY Growth
Household Income
$48,800
23.3% YoY Growth
Days on Market
45
6.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$900
1.9% YoY Growth
1-Bed Rent
$620
5.8% YoY Growth
2-Bed Rent
$750
0.1% YoY Growth
3-Bed Rent
$1,150
17.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mount Pleasant, MI

As of May '26, the median home price in Mount Pleasant, MI is $229,000, with a year-over-year change of 6.5%. This indicates that home prices in Mount Pleasant, MI are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$229,0006.5%
Single Family $229,0006.5%
Condos $228,0008.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$153,0004.1%
    3 Bed
    		$212,0006.0%
    4 Bed
    		$276,0006.6%
    5 Bed $289,7507.4%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    8.7%
    2 Bedrooms
    32.4%
    3 Bedrooms
    35.1%
    4 Bedrooms
    17.6%
    5+ Bedrooms
    4.8%

    Rental Trends — Mount Pleasant, MI

    As of July '25, Rentcast reports the average rent in Mount Pleasant, MI is $1,040, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Mount Pleasant, MI is 1-bedrooms: $620, 2-bedrooms: $786, 3-bedrooms: $1,160, 4-bedrooms: $1,240. The most common rental property sizes in Mount Pleasant, MI are 2-bedroom and 3-bedroom, accounting for 45.3% and 18.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$900$1,040
    Studio Rent N/AN/A
    1 Bed Rent $620$620
    2 Bed Rent $750$786
    3 Bed Rent $1,150$1,160
    4 Bed Rent $1,180$1,240
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    16.8%
    2 Bedrooms
    45.3%
    3 Bedrooms
    18.3%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    4.2%

    Property Listings — Mount Pleasant, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Mount Pleasant, MI is 45. This is a increase of 6.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$265,0004.0%
    Listing Count
    		11214.0%
    Listings as % of Homes0.5%14.0%
    Days on Market
    		456.0%
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    Demographics — Mount Pleasant, MI

    As of the latest ACS Survey released in 2023, Mount Pleasant, MI has a population of 42,700, which has decreased by -15.4% over the past 5 years. Mount Pleasant, MI is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,700-15.4%
    % Under 18
    		16.3%7.2%
    % Seniors
    		11.7%23.2%
    % WFH
    		5.7%54.1%
    % w/ College Degree
    		37.1%4.8%
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    As of the latest ACS Survey released in 2023, Mount Pleasant, MI is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Mount Pleasant, MI is hispanic, making up 5.4% of the population. Foreign-born residents account for 3.7% of the population in Mount Pleasant, MI, and this percentage has decreased by 17.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.2%-1.5%
    % Black
    		3.6%2.9%
    % Hispanic
    		5.4%28.6%
    % Asian
    		2.0%-13.0%
    % Foreign Born
    		3.7%-17.8%
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    Mortgage and Risk — Mount Pleasant, MI

    According to HUD data as of 2023, there were 484 mortgage originations in Mount Pleasant, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Mount Pleasant, MI. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		484
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Mount Pleasant, MI

    As of 2024, the percent of homes in Mount Pleasant, MI under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mount Pleasant, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		670
    Total Units Section 8
    		547
    % Rentals under Section 8
    		6.3%
    % Occupied Section 8
    		93.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$200$620$820
    2 Bedroom$220$750$970
    3 Bedroom$120$1,150$1,270
    4 Bedroom$120$1,180$1,300

    Affordability — Mount Pleasant, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$229,000
    Median Household Income$48,800

    Mount Pleasant, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Mount Pleasant

    48859

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    48878

    Winn

    48896

    Shepherd, MI

    48883

    Weidman, MI

    48893

    Frequently Asked Questions