Jonesville, MI—49250
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jonesville, MI
As of Oct '25, the median home price in Jonesville, MI is $202,000, with a year-over-year change of 3.5%. This indicates that home prices in Jonesville, MI are increasing. 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 | $202,000 | 3.5% |
| Single Family | $201,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 3.4% |
3 Bed | $222,000 | 3.3% |
4 Bed | $246,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jonesville, MI
As of July '25, Rentcast reports the average rent in Jonesville, MI is $824, with a year-over-year rent change of 38.5%. Per bedroom, the median rent as of July '25 in Jonesville, MI is 2-bedrooms: $824. The most common rental property sizes in Jonesville, MI are 2-bedroom and 1-bedroom, accounting for 42.5% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $824 | $824 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $824 | $824 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Jonesville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Jonesville, MI is 50. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 18.0% |
Listing Count | 18 | -25.0% |
| Listings as % of Homes | 0.3% | -25.0% |
Days on Market | 50 | -3.0% |
Demographics — Jonesville, MI
As of the latest ACS Survey released in 2023, Jonesville, MI has a population of 5,670, which has decreased by -9.2% over the past 5 years. Jonesville, MI is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,670 | -9.2% |
% Under 18 | 25.4% | 2.4% |
% Seniors | 19.8% | 11.2% |
% WFH | 6.6% | 50.0% |
% w/ College Degree | 19.0% | 13.8% |
As of the latest ACS Survey released in 2023, Jonesville, MI is a predominantly white area, with 93.7% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Jonesville, MI is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.8% of the population in Jonesville, MI, and this percentage has decreased by 11.1% 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 | 93.7% | 0.1% |
% Black | 1.0% | -9.1% |
% Hispanic | 2.4% | 60.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 0.8% | -11.1% |
Mortgage and Risk — Jonesville, MI
According to HUD data as of 2023, there were 115 mortgage originations in Jonesville, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Jonesville, MI. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Jonesville, MI
Jonesville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $166 | $824 | $990 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Jonesville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $202,000 |
| Median Household Income | $61,900 |