Burton, MI—48529
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burton, MI
As of Oct '25, the median home price in Burton, MI is $90,000, with a year-over-year change of 0.2%. This indicates that home prices in Burton, MI are flat. 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 | $90,000 | 0.2% |
| Single Family | $90,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $77,000 | -2.5% |
3 Bed | $115,000 | 0.0% |
4 Bed | $144,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burton, MI
As of July '25, Rentcast reports the average rent in Burton, MI is $805, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Burton, MI is 1-bedrooms: $730, 2-bedrooms: $802, 3-bedrooms: $925. The most common rental property sizes in Burton, MI are 2-bedroom and 1-bedroom, accounting for 43.6% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $805 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $730 |
| 2 Bed Rent | $800 | $802 |
| 3 Bed Rent | $800 | $925 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Burton, MI is 43. This is a increase of 45.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $90,400 | 0.0% |
Listing Count | 32 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 43 | 45.0% |
Demographics — Burton, MI
As of the latest ACS Survey released in 2023, Burton, MI has a population of 8,960, which has decreased by -9.8% over the past 5 years. Burton, MI is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,960 | -9.8% |
% Under 18 | 21.6% | -14.3% |
% Seniors | 16.6% | 62.7% |
% WFH | 2.4% | 500.0% |
% w/ College Degree | 8.1% | -1.2% |
As of the latest ACS Survey released in 2023, Burton, MI is a predominantly white area, with 81.6% of the population identifying as white. The white population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Burton, MI is black, making up 9.2% of the population. Foreign-born residents account for 0.8% of the population in Burton, MI, and this percentage has decreased by 11.1% 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 | 81.6% | 5.0% |
% Black | 9.2% | -23.3% |
% Hispanic | 5.7% | 9.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.8% | -11.1% |
Mortgage and Risk — Burton, MI
According to HUD data as of 2023, there were 118 mortgage originations in Burton, MI, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Burton, MI. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Burton, MI
Burton, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 128 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $725 | $790 |
| 2 Bedroom | $170 | $800 | $970 |
| 3 Bedroom | $400 | $800 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Burton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $90,000 |
| Median Household Income | $38,000 |