Clayton, MI—49235
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clayton, MI
As of Oct '25, the median home price in Clayton, MI is $222,000, with a year-over-year change of 1.9%. This indicates that home prices in Clayton, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | 2.0% |
| Single Family | $222,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 8.2% |
3 Bed | $213,000 | 4.9% |
4 Bed | $260,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clayton, MI
Clayton, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Clayton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Clayton, MI is 92. This is a increase of 102.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | -56.0% |
Listing Count | 9 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 92 | 102.0% |
Demographics — Clayton, MI
As of the latest ACS Survey released in 2023, Clayton, MI has a population of 2,040, which has decreased by -2.6% over the past 5 years. Clayton, MI is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,040 | -2.6% |
% Under 18 | 19.6% | -19.0% |
% Seniors | 19.7% | 4.2% |
% WFH | 2.6% | -21.2% |
% w/ College Degree | 12.2% | -21.8% |
As of the latest ACS Survey released in 2023, Clayton, MI is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Clayton, MI is hispanic, making up 12.4% of the population. Foreign-born residents account for 6.5% of the population in Clayton, MI, and this percentage has increased by 124.1% 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 | 84.1% | -6.8% |
% Black | 0.7% | 75.0% |
% Hispanic | 12.4% | 59.0% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 6.5% | 124.1% |
Mortgage and Risk — Clayton, MI
According to HUD data as of 2023, there were 51 mortgage originations in Clayton, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Clayton, MI. Investor activity is low, as 0.0% of loans were by investors. 33.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 33.0% |
Loan Activity
Rentals and Section 8 — Clayton, MI
Clayton, 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Clayton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $222,000 |
| Median Household Income | $63,900 |