Leslie, MI 49251 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Leslie, MI—49251

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$229,000

3.9% YoY Growth

Household Income

$83,500

30.2% YoY Growth

Days on Market

44.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$975

26.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$975

N/A

3-Bed Rent

N/A

Home Price Trends — Leslie, MI

As of Dec '25, the median home price in Leslie, MI is $229,000, with a year-over-year change of 3.9%. This indicates that home prices in Leslie, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$229,000	3.9%
Single Family	$236,000	3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Leslie, MI

As of July '25, Rentcast reports the average rent in Leslie, MI is $1,840, with a year-over-year rent change of -26.4%. Per bedroom, the median rent as of July '25 in Leslie, MI is 2-bedrooms: $975, 4-bedrooms: $2,700. The most common rental property sizes in Leslie, MI are 3-bedroom and 2-bedroom, accounting for 40.2% and 37.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$975	$1,840
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$975	$975
3 Bed Rent	N/A	N/A
4 Bed Rent	$2,700	$2,700

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% of Rental Stock

Studio

2.1%

1 Bedroom

17.5%

2 Bedrooms

37.0%

3 Bedrooms

40.2%

4 Bedrooms

3.3%

Property Listings — Leslie, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Leslie, MI is 26. This is a decrease of -22.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$249,000	82.0%
Listing Count	21	-19.0%
Listings as % of Homes	0.4%	-19.0%
Days on Market	53	-44.0%

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Demographics — Leslie, MI

As of the latest ACS Survey released in 2023, Leslie, MI has a population of 6,110, which has remained stable by -1.0% over the past 5 years. Leslie, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,110	-1.0%
% Under 18	22.5%	-5.9%
% Seniors	18.1%	10.4%
% WFH	11.7%	98.3%
% w/ College Degree	21.1%	25.6%

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As of the latest ACS Survey released in 2023, Leslie, MI is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Leslie, MI is hispanic, making up 5.7% of the population. Foreign-born residents account for 0.8% of the population in Leslie, 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	90.6%	-2.2%
% Black	0.4%	-33.3%
% Hispanic	5.7%	58.3%
% Asian	0.2%	∞%
% Foreign Born	0.8%	-11.1%

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Mortgage and Risk — Leslie, MI

According to HUD data as of 2023, there were 79 mortgage originations in Leslie, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Leslie, MI. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	79
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Leslie, MI

Leslie, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$940
2 Bedroom	$195	$975	$1,170
3 Bedroom	N/A	N/A	$1,530
4 Bedroom	-$1,140	$2,700	$1,560

Leslie, MI—49251

Key Metrics at a Glance

Home Price Trends — Leslie, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leslie, MI

% of Rental Stock

Property Listings — Leslie, MI

Demographics — Leslie, MI

Race and Ethnicity

Mortgage and Risk — Leslie, MI

Mortgages

Rentals and Section 8 — Leslie, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Leslie, MI

Home Price to Income Ratio

Leslie, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Lake, MI

Rives Junction, MI

Mason, MI

Onondaga, MI

Dansville, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$229,000
Median Household Income	$83,500

Leslie, MI—49251

Key Metrics at a Glance

Home Price Trends — Leslie, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leslie, MI

% of Rental Stock

Property Listings — Leslie, MI

Demographics — Leslie, MI

Race and Ethnicity

Mortgage and Risk — Leslie, MI

Mortgages

Rentals and Section 8 — Leslie, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Leslie, MI

Home Price to Income Ratio

Leslie, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Lake, MI

Rives Junction, MI

Mason, MI

Onondaga, MI

Dansville, MI

Frequently Asked Questions

What is the average home price in Leslie, MI 49251?

How have home prices in Leslie, MI 49251 changed over the past year?

What is the home price projection for Leslie, MI 49251?

What are the demographics of Leslie, MI 49251?

How long does it take homes to sell in Leslie, MI 49251?

What is the average rent price in Leslie, MI 49251?