Leslie, MI—49251
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leslie, MI
As of Oct '25, the median home price in Leslie, MI is $234,000, with a year-over-year change of 4.0%. This indicates that home prices in Leslie, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 4.0% |
| Single Family | $241,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 4.2% |
3 Bed | $246,000 | 3.8% |
4 Bed | $291,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $975 | $975 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Leslie, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Leslie, MI is 49. This is a increase of 24.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 37.0% |
Listing Count | 22 | -32.0% |
| Listings as % of Homes | 0.4% | -32.0% |
Days on Market | 49 | 24.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | $195 | $975 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | -$1,140 | $2,700 | $1,560 |
Affordability — Leslie, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $234,000 |
| Median Household Income | $83,500 |