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Leslie, MI—49251

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$229,000
3.9% YoY Growth
Household Income
$83,500
30.2% YoY Growth
Days on Market
53
44.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$975
26.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$975
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Leslie, MI

As of Dec '25, the median home price in Leslie, MI is $229,000, with a year-over-year change of 3.9%. This indicates that home prices in Leslie, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$229,0003.9%
Single Family $236,0003.5%
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
    		$170,0004.3%
    3 Bed
    		$239,0003.0%
    4 Bed
    		$284,0001.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    4.0%
    2 Bedrooms
    18.8%
    3 Bedrooms
    51.9%
    4 Bedrooms
    20.1%
    5+ Bedrooms
    2.5%

    Rental Trends — Leslie, MI

    As of July '25, Rentcast reports the average rent in Leslie, MI is $1,840, with a year-over-year rent change of -26.4%. Per bedroom, the median rent as of July '25 in Leslie, MI is 2-bedrooms: $975, 4-bedrooms: $2,700. The most common rental property sizes in Leslie, MI are 3-bedroom and 2-bedroom, accounting for 40.2% and 37.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$975$1,840
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $975$975
    3 Bed Rent N/AN/A
    4 Bed Rent $2,700$2,700
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    17.5%
    2 Bedrooms
    37.0%
    3 Bedrooms
    40.2%
    4 Bedrooms
    3.3%

    Property Listings — Leslie, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Leslie, MI is 26. This is a decrease of -22.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$249,00082.0%
    Listing Count
    		21-19.0%
    Listings as % of Homes0.4%-19.0%
    Days on Market
    		53-44.0%
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    Demographics — Leslie, MI

    As of the latest ACS Survey released in 2023, Leslie, MI has a population of 6,110, which has remained stable by -1.0% over the past 5 years. Leslie, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,110-1.0%
    % Under 18
    		22.5%-5.9%
    % Seniors
    		18.1%10.4%
    % WFH
    		11.7%98.3%
    % w/ College Degree
    		21.1%25.6%
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    As of the latest ACS Survey released in 2023, Leslie, MI is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Leslie, MI is hispanic, making up 5.7% of the population. Foreign-born residents account for 0.8% of the population in Leslie, 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

    MetricLatest Census5-Year % Change
    % White
    		90.6%-2.2%
    % Black
    		0.4%-33.3%
    % Hispanic
    		5.7%58.3%
    % Asian
    		0.2%∞%
    % Foreign Born
    		0.8%-11.1%
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    Mortgage and Risk — Leslie, MI

    According to HUD data as of 2023, there were 79 mortgage originations in Leslie, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Leslie, MI. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		79
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Leslie, MI

    Leslie, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$940
    2 Bedroom$195$975$1,170
    3 BedroomN/AN/A$1,530
    4 Bedroom-$1,140$2,700$1,560

    Affordability — Leslie, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$229,000
    Median Household Income$83,500

    Leslie, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    49272

    Rives Junction, MI

    49277

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    48819

    Frequently Asked Questions