Jenison, MI—49428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jenison, MI
As of Oct '25, the median home price in Jenison, MI is $351,000, with a year-over-year change of 4.0%. This indicates that home prices in Jenison, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | 4.0% |
| Single Family | $358,000 | 3.5% |
| Condos | $253,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 4.3% |
3 Bed | $339,000 | 5.0% |
4 Bed | $389,000 | 3.2% |
| 5 Bed | $466,000 | 2.6% |
% of Housing Stock
Rental Trends — Jenison, MI
As of July '25, Rentcast reports the average rent in Jenison, MI is $1,830, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Jenison, MI is 2-bedrooms: $1,410, 3-bedrooms: $2,500, 4-bedrooms: $2,400. The most common rental property sizes in Jenison, MI are 2-bedroom and 1-bedroom, accounting for 44.7% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,370 | $1,410 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Jenison, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Jenison, MI is 29. This is a decrease of -5.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $406,000 | 6.0% |
Listing Count | 62 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 29 | -5.0% |
Demographics — Jenison, MI
As of the latest ACS Survey released in 2023, Jenison, MI has a population of 28,100, which has increased by 1.8% over the past 5 years. Jenison, MI is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,100 | 1.8% |
% Under 18 | 27.5% | 4.2% |
% Seniors | 20.2% | 13.5% |
% WFH | 9.5% | 93.9% |
% w/ College Degree | 38.5% | 23.4% |
As of the latest ACS Survey released in 2023, Jenison, MI is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Jenison, MI is hispanic, making up 4.2% of the population. Foreign-born residents account for 2.2% of the population in Jenison, MI, and this percentage has decreased by 29.0% 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 | 90.9% | -0.5% |
% Black | 0.9% | 12.5% |
% Hispanic | 4.2% | 10.5% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 2.2% | -29.0% |
Mortgage and Risk — Jenison, MI
According to HUD data as of 2023, there were 730 mortgage originations in Jenison, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Jenison, MI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 730 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Jenison, MI
Jenison, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | $10 | $1,370 | $1,380 |
| 3 Bedroom | -$730 | $2,500 | $1,770 |
| 4 Bedroom | -$390 | $2,400 | $2,010 |
Affordability — Jenison, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $351,000 |
| Median Household Income | $92,300 |