Cassopolis, MI 49031 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cassopolis, MI—49031

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$253,000

0.4% YoY Growth

Household Income

$70,400

41.7% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

3.1%

Median Rent

$1,300

14.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,300

N/A

3-Bed Rent

N/A

Home Price Trends — Cassopolis, MI

As of Dec '25, the median home price in Cassopolis, MI is $253,000, with a year-over-year change of 0.4%. This indicates that home prices in Cassopolis, MI are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$253,000	0.4%
Single Family	$251,000	1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cassopolis, MI

As of July '25, Rentcast reports the average rent in Cassopolis, MI is $1,500, with a year-over-year rent change of -14.3%. Per bedroom, the median rent as of July '25 in Cassopolis, MI is 2-bedrooms: $1,500. The most common rental property sizes in Cassopolis, MI are 3-bedroom and 2-bedroom, accounting for 35.0% and 31.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,300	$1,500
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.4%

1 Bedroom

22.0%

2 Bedrooms

31.4%

3 Bedrooms

35.0%

4 Bedrooms

5.0%

5+ Bedrooms

4.2%

Property Listings — Cassopolis, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Cassopolis, MI is 51. This is a increase of 23.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$422,000	8.0%
Listing Count	22	10.0%
Listings as % of Homes	0.5%	10.0%
Days on Market	67	18.0%

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Demographics — Cassopolis, MI

As of the latest ACS Survey released in 2023, Cassopolis, MI has a population of 8,320, which has increased by 13.3% over the past 5 years. Cassopolis, MI is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,320	13.3%
% Under 18	18.5%	-2.1%
% Seniors	26.5%	21.0%
% WFH	6.2%	72.2%
% w/ College Degree	29.5%	81.0%

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As of the latest ACS Survey released in 2023, Cassopolis, MI is a predominantly white area, with 72.3% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Cassopolis, MI is black, making up 10.8% of the population. Foreign-born residents account for 4.6% of the population in Cassopolis, MI, and this percentage has increased by 187.5% 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	72.3%	-9.7%
% Black	10.8%	-11.5%
% Hispanic	4.7%	123.8%
% Asian	1.9%	137.5%
% Foreign Born	4.6%	187.5%

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Mortgage and Risk — Cassopolis, MI

According to HUD data as of 2023, there were 185 mortgage originations in Cassopolis, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cassopolis, MI. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	185
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	0.0%
% Second Loans	13.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Cassopolis, MI

Cassopolis, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	110
Total Units Section 8	111
% Rentals under Section 8	15.4%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$840
2 Bedroom	-$370	$1,300	$930
3 Bedroom	N/A	N/A	$1,190
4 Bedroom	N/A	N/A	$1,560

Cassopolis, MI—49031

Key Metrics at a Glance

Home Price Trends — Cassopolis, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cassopolis, MI

% of Rental Stock

Property Listings — Cassopolis, MI

Demographics — Cassopolis, MI

Race and Ethnicity

Mortgage and Risk — Cassopolis, MI

Mortgages

Rentals and Section 8 — Cassopolis, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cassopolis, MI

Home Price to Income Ratio

Cassopolis, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Vandalia, MI

Edwardsburg, MI

Jones, MI

Dowagiac, MI

Union, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$253,000
Median Household Income	$70,400

Cassopolis, MI—49031

Key Metrics at a Glance

Home Price Trends — Cassopolis, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cassopolis, MI

% of Rental Stock

Property Listings — Cassopolis, MI

Demographics — Cassopolis, MI

Race and Ethnicity

Mortgage and Risk — Cassopolis, MI

Mortgages

Rentals and Section 8 — Cassopolis, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cassopolis, MI

Home Price to Income Ratio

Cassopolis, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Vandalia, MI

Edwardsburg, MI

Jones, MI

Dowagiac, MI

Union, MI

Frequently Asked Questions

What is the average home price in Cassopolis, MI 49031?

How have home prices in Cassopolis, MI 49031 changed over the past year?

What is the home price projection for Cassopolis, MI 49031?

What are the demographics of Cassopolis, MI 49031?

How long does it take homes to sell in Cassopolis, MI 49031?

What is the average rent price in Cassopolis, MI 49031?