East Leroy, MI—49051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Leroy, MI
As of Oct '25, the median home price in East Leroy, MI is $280,000, with a year-over-year change of 5.0%. This indicates that home prices in East Leroy, MI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 5.0% |
| Single Family | $281,000 | 5.6% |
| 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 | $288,000 | 5.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Leroy, MI
East Leroy, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Leroy, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in East Leroy, MI is 60. This is a decrease of -3.0% 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 | $614,000 | 38.0% |
Listing Count | 11 | 88.0% |
| Listings as % of Homes | 0.6% | 88.0% |
Days on Market | 60 | -3.0% |
Demographics — East Leroy, MI
As of the latest ACS Survey released in 2023, East Leroy, MI has a population of 2,960, which has increased by 10.4% over the past 5 years. East Leroy, MI is a popular place for families, as children make up 28.7% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,960 | 10.4% |
% Under 18 | 28.7% | 29.9% |
% Seniors | 17.0% | 1.2% |
% WFH | 5.5% | 57.1% |
% w/ College Degree | 21.6% | -20.9% |
As of the latest ACS Survey released in 2023, East Leroy, MI is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in East Leroy, MI is hispanic, making up 5.0% of the population. Foreign-born residents account for 0.3% of the population in East Leroy, MI, and this percentage has decreased by 92.3% 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 | 88.3% | -2.4% |
% Black | 1.7% | ∞% |
% Hispanic | 5.0% | -5.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -92.3% |
Mortgage and Risk — East Leroy, MI
According to HUD data as of 2023, there were 132 mortgage originations in East Leroy, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in East Leroy, MI. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — East Leroy, MI
East Leroy, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $900 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — East Leroy, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $280,000 |
| Median Household Income | $79,400 |