Cassopolis, MI—49031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cassopolis, MI
As of Oct '25, the median home price in Cassopolis, MI is $252,000, with a year-over-year change of -0.1%. This indicates that home prices in Cassopolis, MI are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | -0.1% |
| Single Family | $250,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 2.0% |
3 Bed | $266,000 | 1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cassopolis, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Cassopolis, MI is 60. This is a increase of 32.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 0.0% |
Listing Count | 30 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 60 | 32.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Cassopolis, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $252,000 |
| Median Household Income | $70,400 |