A typical Chapin home is worth roughly $114,000
Builders were permitted 2 new homes in 2025.
What kind of housing town is Chapin?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.9 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Chapin home, with $106K to spare.
A two-bedroom rents for about $1,040 a month here, $300 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Chapin’s typical property tax (1.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
92% of Chapin households own their home
Half of Chapin’s homes were built before 1974.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,040
Renters already here pay a median of $856, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lansing-East Lansing, MI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Chapin in 2025, all single-family houses. Over the past 10 years, Chapin has permitted 8 homes in all.
Between the 2010 and 2020 censuses, Chapin's population fell by 132 even though 5 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $400,000 |
| 2025 | 2 | 2 | 0 | $400,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 4 | 4 | 0 | $1.4 million |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $200,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $234,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $130,000 |
| 2013 | 1 | 1 | 0 | $60,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $154,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $173,000 |
| 2006 | 7 | 7 | 0 | $630,000 |
| 2005 | 9 | 9 | 0 | $810,000 |
| 2004 | 9 | 9 | 0 | $810,000 |
| 2003 | 9 | 9 | 0 | $810,000 |
| 2002 | 7 | 7 | 0 | $630,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Chapin vs. its neighbors
Chapin is the least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Chapin buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.