Casnovia, MI—49318
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Casnovia, MI
As of Oct '25, the median home price in Casnovia, MI is $299,000, with a year-over-year change of 2.2%. This indicates that home prices in Casnovia, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 2.3% |
| Single Family | $299,000 | 2.7% |
| 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 | $298,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Casnovia, MI
Casnovia, 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 — Casnovia, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Casnovia, MI is 271. This is a increase of 488.0% 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 | $242,000 | -28.0% |
Listing Count | 2 | -71.0% |
| Listings as % of Homes | 0.4% | -71.0% |
Days on Market | 271 | 488.0% |
Demographics — Casnovia, MI
As of the latest ACS Survey released in 2023, Casnovia, MI has a population of 1,480, which has decreased by -5.7% over the past 5 years. Casnovia, MI is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | -5.7% |
% Under 18 | 28.2% | 27.0% |
% Seniors | 17.3% | -13.5% |
% WFH | 4.7% | 80.8% |
% w/ College Degree | 15.5% | -1.3% |
As of the latest ACS Survey released in 2023, Casnovia, MI is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Casnovia, MI is hispanic, making up 5.9% of the population. Foreign-born residents account for 3.6% of the population in Casnovia, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.2% | -2.1% |
% Black | 1.8% | -50.0% |
% Hispanic | 5.9% | -4.8% |
% Asian | 2.0% | 566.7% |
% Foreign Born | 3.6% | 0.0% |
Mortgage and Risk — Casnovia, MI
Casnovia, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Casnovia, MI
Casnovia, 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 | $1,110 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,750 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Casnovia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $299,000 |
| Median Household Income | $68,900 |