Chassell, MI—49916
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chassell, MI
As of Oct '25, the median home price in Chassell, MI is $248,000, with a year-over-year change of 6.9%. This indicates that home prices in Chassell, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 6.9% |
| Single Family | $248,000 | 7.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chassell, MI
Chassell, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,380 | $1,380 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chassell, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Chassell, MI is 75. This is a increase of 5.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 27.0% |
Listing Count | 14 | 171.0% |
| Listings as % of Homes | 0.2% | 171.0% |
Days on Market | 75 | 5.0% |
Demographics — Chassell, MI
As of the latest ACS Survey released in 2023, Chassell, MI has a population of 3,160, which has increased by 7.8% over the past 5 years. Chassell, MI is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,160 | 7.8% |
% Under 18 | 26.2% | -2.2% |
% Seniors | 20.9% | 13.0% |
% WFH | 12.2% | 96.8% |
% w/ College Degree | 39.2% | -3.9% |
As of the latest ACS Survey released in 2023, Chassell, MI is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Chassell, MI is asian, making up 1.3% of the population. Foreign-born residents account for 3.5% of the population in Chassell, MI, and this percentage has decreased by 2.8% 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 | 95.2% | -2.9% |
% Black | 0.9% | ∞% |
% Hispanic | 1.1% | 37.5% |
% Asian | 1.3% | 225.0% |
% Foreign Born | 3.5% | -2.8% |
Mortgage and Risk — Chassell, MI
According to HUD data as of 2023, there were 38 mortgage originations in Chassell, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Chassell, MI. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 5.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Chassell, MI
Chassell, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $950 |
| 3 Bedroom | -$50 | $1,380 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Chassell, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $248,000 |
| Median Household Income | $77,000 |