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Mendon, MI—49072

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$211,000
7.4% YoY Growth
Household Income
$67,400
9.1% YoY Growth
Days on Market
36
38.0% Longer YoY
Home Price Forecast
0.0%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mendon, MI

As of May '26, the median home price in Mendon, MI is $211,000, with a year-over-year change of 7.4%. This indicates that home prices in Mendon, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$211,0007.4%
Single Family $211,0008.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$226,0007.1%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    7.4%
    2 Bedrooms
    22.8%
    3 Bedrooms
    42.4%
    4 Bedrooms
    23.8%
    5+ Bedrooms
    3.4%

    Rental Trends — Mendon, MI

    Mendon, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    29.7%
    2 Bedrooms
    25.4%
    3 Bedrooms
    28.8%
    4 Bedrooms
    13.6%

    Property Listings — Mendon, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Mendon, MI is 36. This is a increase of 38.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$245,000-16.0%
    Listing Count
    		633.0%
    Listings as % of Homes0.3%33.0%
    Days on Market
    		3638.0%
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    Demographics — Mendon, MI

    As of the latest ACS Survey released in 2023, Mendon, MI has a population of 2,880, which has decreased by -6.1% over the past 5 years. Mendon, MI is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,880-6.1%
    % Under 18
    		21.8%-9.5%
    % Seniors
    		21.1%46.5%
    % WFH
    		9.7%115.6%
    % w/ College Degree
    		21.2%11.0%
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    As of the latest ACS Survey released in 2023, Mendon, MI is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Mendon, MI is hispanic, making up 5.0% of the population. Foreign-born residents account for 0.7% of the population in Mendon, MI, and this percentage has decreased by 61.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.1%-1.7%
    % Black
    		0.4%-55.6%
    % Hispanic
    		5.0%100.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.7%-61.1%
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    Mortgage and Risk — Mendon, MI

    According to HUD data as of 2023, there were 61 mortgage originations in Mendon, MI, of which 85.0% 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 Mendon, MI. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		61
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		21.0%
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    Rentals and Section 8 — Mendon, MI

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

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$800
    2 BedroomN/AN/A$1,000
    3 BedroomN/AN/A$1,370
    4 BedroomN/AN/A$1,480

    Affordability — Mendon, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$211,000
    Median Household Income$67,400

    Mendon, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Nottawa

    49075

    Vicksburg, MI

    49097

    Centreville, MI

    49032

    Leonidas, MI

    49066

    Colon, MI

    49040

    Frequently Asked Questions