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Jasper, MI—49248

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$257,000
2.2% YoY Growth
Household Income
$60,300
6.0% YoY Growth
Days on Market
103
72.0% Longer YoY
Home Price Forecast
-0.4%
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 — Jasper, MI

As of May '26, the median home price in Jasper, MI is $257,000, with a year-over-year change of 2.2%. This indicates that home prices in Jasper, MI are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$257,0002.2%
Single Family $257,0002.4%
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
    		$196,0006.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.0%
    2 Bedrooms
    19.8%
    3 Bedrooms
    57.5%
    4 Bedrooms
    18.7%
    5+ Bedrooms
    1.1%

    Rental Trends — Jasper, MI

    Jasper, 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

    2 Bedrooms
    38.5%
    3 Bedrooms
    30.8%
    4 Bedrooms
    30.8%

    Property Listings — Jasper, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Jasper, MI is 103. This is a increase of 72.0% 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
    		$140,000-2.0%
    Listing Count
    		2200.0%
    Listings as % of Homes0.3%200.0%
    Days on Market
    		10372.0%
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    Demographics — Jasper, MI

    As of the latest ACS Survey released in 2023, Jasper, MI has a population of 879, which has increased by 12.3% over the past 5 years. Jasper, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		87912.3%
    % Under 18
    		20.4%-17.1%
    % Seniors
    		18.0%-8.6%
    % WFH
    		14.3%853.3%
    % w/ College Degree
    		13.5%-2.2%
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    As of the latest ACS Survey released in 2023, Jasper, MI is a predominantly white area, with 94.3% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Jasper, MI is hispanic, making up 4.6% of the population. Foreign-born residents account for 0.5% of the population in Jasper, MI, and this percentage has decreased by 70.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		94.3%2.4%
    % Black
    		0.3%-88.9%
    % Hispanic
    		4.6%-2.1%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.5%-70.6%
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    Mortgage and Risk — Jasper, MI

    According to HUD data as of 2023, there were 42 mortgage originations in Jasper, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Jasper, MI. Investor activity is low, as 2.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		42
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		24.0%
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    Rentals and Section 8 — Jasper, MI

    Jasper, 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$1,090
    2 BedroomN/AN/A$1,410
    3 BedroomN/AN/A$1,830
    4 BedroomN/AN/A$2,140

    Affordability — Jasper, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$257,000
    Median Household Income$60,300

    Jasper, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Metamora, OH

    43540

    Lyons, OH

    43533

    Weston, MI

    49279

    Blissfield, MI

    49228

    Palmyra, MI

    49268

    Frequently Asked Questions