Mount Forest, MI housing market
Home prices around Mount Forest have risen about 35% over the past 5 years. No new homes were permitted in 2012.
Home values, sales, trends and how Mount Forest compares with the towns next door — updated as new data is published.
Home prices up 35% in 5 years
The federal house price index for the ZIP codes around Mount Forest rose 35% over the past 5 years, slower than across Michigan (52%). Last year prices fell 13%. Carrying the Census median home value forward with that index puts the typical Mount Forest home at roughly $297,000 today.
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| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | −13% | +81% | +97% |
| 2024 | +14% | +108% | +88% |
| 2023 | +3.8% | +83% | +76% |
| 2022 | +11% | +77% | +64% |
| 2021 | +19% | +60% | +45% |
| 2020 | +6.9% | +34% | +30% |
| 2019 | +9.7% | +25% | +26% |
| 2018 | −3.7% | +14% | +20% |
| 2017 | +9% | +19% | +12% |
| 2016 | +7.5% | +8.8% | +5.3% |
| 2015 | +3.9% | +1.2% | 0% |
| 2014 | +8.7% | −2.6% | −4.7% |
| 2013 | −6.8% | −10% | −12% |
| 2012 | −1.7% | −3.9% | −16% |
| 2011 | −0.8% | −2.2% | −16% |
| 2010 | −5.7% | −1.4% | −12% |
| 2009 | −3.1% | +4.5% | −5% |
| 2008 | −12% | +7.8% | +3.5% |
| 2007 | 0% | +22% | +11% |
| 2006 | −2% | +22% | +16% |
| 2005 | +5.6% | +25% | +18% |
| 2004 | +4.2% | +18% | +14% |
| 2003 | +4.6% | +14% | +10% |
| 2002 | +3% | +8.6% | +8.3% |
| 2001 | +5.5% | +5.5% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48650, 48652, 48613, covering 65% of Mount Forest’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2012
No permits for new homes were issued in Mount Forest in 2012. The last year with any was 2010 (8 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 8 | 8 | 0 | $812,000 |
| 2009 | 8 | 8 | 0 | $812,000 |
| 2008 | 10 | 10 | 0 | $1 million |
| 2007 | 16 | 16 | 0 | $1.6 million |
| 2006 | 22 | 22 | 0 | $2.2 million |
| 2005 | 29 | 29 | 0 | $2.9 million |
| 2004 | 30 | 30 | 0 | $3 million |
| 2003 | 30 | 30 | 0 | $3 million |
| 2002 | 26 | 26 | 0 | $2.6 million |
| 2001 | 24 | 24 | 0 | $2.4 million |
| 2000 | 24 | 24 | 0 | $2.4 million |
Mount Forest's permit office didn't report to the Census in 2012, so the 2012 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Mount Forest and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mount Forest | — | −13.2%† | $1,120 | — | $64,792 |
| Garfield | — | +4.3%† | $1,070 | 1 | $96,571 |
| Gibson | — | — | $1,210 | 1 | $61,691 |
| Bentley | $206K | +10.6% | $1,320 | — | $63,523 |
| Pinconning | $192K | +6.2% | $1,010 | 1 | $60,625 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Mount Forest home costs about 2.9 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,120
HUD's Fair Market Rent for a two-bedroom in Mount Forest is $1,120 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mount Forest pay a median of $1,125. A two-bedroom takes about 21% of the town's median household income.
Studio $860 · 4 bedrooms $1,690
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48613, 48650, 48652; Bay City, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
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. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.