Taylor, MI—48180
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Taylor, MI
As of Oct '25, the median home price in Taylor, MI is $175,000, with a year-over-year change of 3.7%. This indicates that home prices in Taylor, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 3.7% |
| Single Family | $176,000 | 3.5% |
| Condos | $157,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 2.3% |
3 Bed | $184,000 | 3.4% |
4 Bed | $242,000 | 3.4% |
| 5 Bed | $293,000 | 2.4% |
% of Housing Stock
Rental Trends — Taylor, MI
As of July '25, Rentcast reports the average rent in Taylor, MI is $1,740, with a year-over-year rent change of 20.8%. Per bedroom, the median rent as of July '25 in Taylor, MI is 1-bedrooms: $1,100, 2-bedrooms: $1,730, 3-bedrooms: $1,800, 4-bedrooms: $1,900. The most common rental property sizes in Taylor, MI are 2-bedroom and 3-bedroom, accounting for 46.3% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,100 |
| 2 Bed Rent | $1,500 | $1,730 |
| 3 Bed Rent | $1,600 | $1,800 |
| 4 Bed Rent | $1,650 | $1,900 |
% of Rental Stock
Property Listings — Taylor, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Taylor, MI is 38. This is a decrease of -12.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | -4.0% |
Listing Count | 187 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 38 | -12.0% |
Demographics — Taylor, MI
As of the latest ACS Survey released in 2023, Taylor, MI has a population of 62,400, which has increased by 1.3% over the past 5 years. Taylor, MI is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,400 | 1.3% |
% Under 18 | 22.1% | -3.9% |
% Seniors | 16.8% | 12.0% |
% WFH | 9.3% | 200.0% |
% w/ College Degree | 15.8% | 39.8% |
As of the latest ACS Survey released in 2023, Taylor, MI is a predominantly white area, with 64.7% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Taylor, MI is black, making up 19.7% of the population. Foreign-born residents account for 6.7% of the population in Taylor, MI, and this percentage has increased by 67.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.7% | -10.3% |
% Black | 19.7% | 13.2% |
% Hispanic | 8.6% | 41.0% |
% Asian | 1.9% | 18.8% |
% Foreign Born | 6.7% | 67.5% |
Mortgage and Risk — Taylor, MI
According to HUD data as of 2023, there were 1099 mortgage originations in Taylor, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Taylor, MI. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,099 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Taylor, MI
As of 2024, the percent of homes in Taylor, MI under the Section 8 program is 14.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Taylor, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,368 |
Total Units Section 8 | 1,291 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,000 | $930 |
| 2 Bedroom | -$330 | $1,500 | $1,170 |
| 3 Bedroom | -$160 | $1,600 | $1,440 |
| 4 Bedroom | -$100 | $1,650 | $1,550 |
Affordability — Taylor, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $175,000 |
| Median Household Income | $59,500 |