Jasper, MI—49248
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jasper, MI
As of Oct '25, the median home price in Jasper, MI is $234,000, with a year-over-year change of 0.1%. This indicates that home prices in Jasper, MI are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 0.1% |
| Single Family | $234,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $180,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jasper, MI
Jasper, 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 — Jasper, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Jasper, MI is 23. This is a increase of 1300.0% 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 | $180,000 | 51.0% |
Listing Count | 4 | 233.0% |
| Listings as % of Homes | 0.3% | 233.0% |
Days on Market | 23 | 1,300.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 879 | 12.3% |
% Under 18 | 20.4% | -17.1% |
% Seniors | 18.0% | -8.6% |
% WFH | 14.3% | 853.3% |
% w/ College Degree | 13.5% | -2.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,090 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,830 |
| 4 Bedroom | N/A | N/A | $2,140 |
Affordability — Jasper, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $234,000 |
| Median Household Income | $60,300 |