Jasper, MI 49248 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Jasper, MI—49248

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$236,000

0.6% YoY Growth

Household Income

$60,300

6.0% YoY Growth

Days on Market

226.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Jasper, MI

As of Dec '25, the median home price in Jasper, MI is $236,000, with a year-over-year change of 0.6%. This indicates that home prices in Jasper, MI are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$236,000	0.6%
Single Family	$236,000	1.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 Dec '25, Realtor.com reports that the median days on market for a home in Jasper, MI is 46. This is a increase of 1000.0% 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	228.0%
Listing Count	1	133.0%
Listings as % of Homes	0.3%	133.0%
Days on Market	68	226.0%

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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.

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%

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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

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%

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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

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%

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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 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

Jasper, MI—49248

Key Metrics at a Glance

Home Price Trends — Jasper, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Jasper, MI

% of Rental Stock

Property Listings — Jasper, MI

Demographics — Jasper, MI

Race and Ethnicity

Mortgage and Risk — Jasper, MI

Mortgages

Rentals and Section 8 — Jasper, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Jasper, MI

Home Price to Income Ratio

Jasper, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Metamora, OH

Lyons, OH

Weston, MI

Blissfield, MI

Palmyra, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$236,000
Median Household Income	$60,300

Jasper, MI—49248

Key Metrics at a Glance

Home Price Trends — Jasper, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Jasper, MI

% of Rental Stock

Property Listings — Jasper, MI

Demographics — Jasper, MI

Race and Ethnicity

Mortgage and Risk — Jasper, MI

Mortgages

Rentals and Section 8 — Jasper, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Jasper, MI

Home Price to Income Ratio

Jasper, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Metamora, OH

Lyons, OH

Weston, MI

Blissfield, MI

Palmyra, MI

Frequently Asked Questions

What is the average home price in Jasper, MI 49248?

How have home prices in Jasper, MI 49248 changed over the past year?

What is the home price projection for Jasper, MI 49248?

What are the demographics of Jasper, MI 49248?

How long does it take homes to sell in Jasper, MI 49248?

What is the average rent price in Jasper, MI 49248?