Benzonia, MI 49616 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Benzonia, MI—49616

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$304,000

1.9% YoY Growth

Household Income

$49,200

18.4% YoY Growth

Days on Market

63.0% Shorter YoY

Home Price Forecast

4.2%

Median Rent

$1,750

11.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,750

2.8% YoY Growth

Home Price Trends — Benzonia, MI

As of Dec '25, the median home price in Benzonia, MI is $304,000, with a year-over-year change of -1.9%. This indicates that home prices in Benzonia, MI are decreasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$304,000	-1.9%
Single Family	$302,000	-2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Benzonia, MI

As of July '25, Rentcast reports the average rent in Benzonia, MI is $2,000, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Benzonia, MI is 3-bedrooms: $1,750, 4-bedrooms: $2,500. The most common rental property sizes in Benzonia, MI are 1-bedroom and studio, accounting for 30.9% and 24.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,750	$2,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,750	$1,750
4 Bed Rent	$2,500	$2,500

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% of Rental Stock

Studio

24.7%

1 Bedroom

30.9%

2 Bedrooms

12.3%

3 Bedrooms

22.2%

4 Bedrooms

7.4%

5+ Bedrooms

2.5%

Property Listings — Benzonia, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Benzonia, MI is 28. This is a decrease of -16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$284,000	-10.0%
Listing Count	7	-39.0%
Listings as % of Homes	0.8%	-39.0%
Days on Market	56	-63.0%

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Demographics — Benzonia, MI

As of the latest ACS Survey released in 2023, Benzonia, MI has a population of 2,180, which has decreased by -4.3% over the past 5 years. Benzonia, MI is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,180	-4.3%
% Under 18	16.3%	-29.1%
% Seniors	22.3%	18.6%
% WFH	8.4%	162.5%
% w/ College Degree	26.3%	31.5%

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As of the latest ACS Survey released in 2023, Benzonia, MI is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Benzonia, MI is hispanic, making up 7.6% of the population. Foreign-born residents account for 0.6% of the population in Benzonia, MI, and this percentage has decreased by 77.8% 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	84.6%	-0.8%
% Black	0.1%	0.0%
% Hispanic	7.6%	15.2%
% Asian	4.4%	158.8%
% Foreign Born	0.6%	-77.8%

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Mortgage and Risk — Benzonia, MI

According to HUD data as of 2023, there were 39 mortgage originations in Benzonia, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Benzonia, MI. Investor activity is low, as 5.0% 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	39
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	5.0%
% Second Loans	21.0%
% Cash Out Refinance	23.0%

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Rentals and Section 8 — Benzonia, MI

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

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% 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	$790
2 Bedroom	N/A	N/A	$1,040
3 Bedroom	-$500	$1,750	$1,250
4 Bedroom	-$1,100	$2,500	$1,400

Benzonia, MI—49616

Key Metrics at a Glance

Home Price Trends — Benzonia, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Benzonia, MI

% of Rental Stock

Property Listings — Benzonia, MI

Demographics — Benzonia, MI

Race and Ethnicity

Mortgage and Risk — Benzonia, MI

Mortgages

Rentals and Section 8 — Benzonia, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Benzonia, MI

Home Price to Income Ratio

Benzonia, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Beulah, MI

Frankfort, MI

Arcadia, MI

Elberta

Honor, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.9
Median Home Price	$304,000
Median Household Income	$49,200

Benzonia, MI—49616

Key Metrics at a Glance

Home Price Trends — Benzonia, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Benzonia, MI

% of Rental Stock

Property Listings — Benzonia, MI

Demographics — Benzonia, MI

Race and Ethnicity

Mortgage and Risk — Benzonia, MI

Mortgages

Rentals and Section 8 — Benzonia, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Benzonia, MI

Home Price to Income Ratio

Benzonia, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Beulah, MI

Frankfort, MI

Arcadia, MI

Elberta

Honor, MI

Frequently Asked Questions

What is the average home price in Benzonia, MI 49616?

How have home prices in Benzonia, MI 49616 changed over the past year?

What is the home price projection for Benzonia, MI 49616?

What are the demographics of Benzonia, MI 49616?

How long does it take homes to sell in Benzonia, MI 49616?

What is the average rent price in Benzonia, MI 49616?