Benzonia, MI—49616
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benzonia, MI
As of Oct '25, the median home price in Benzonia, MI is $304,000, with a year-over-year change of -1.7%. This indicates that home prices in Benzonia, MI are decreasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | -1.7% |
| Single Family | $302,000 | -2.3% |
| 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 | $324,000 | -0.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Benzonia, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Benzonia, MI is 22. This is a increase of 14.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 31.0% |
Listing Count | 6 | -62.0% |
| Listings as % of Homes | 0.8% | -62.0% |
Days on Market | 22 | 14.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Benzonia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $304,000 |
| Median Household Income | $49,200 |