Mount Pleasant, MI housing market
The typical Mount Pleasant home is worth about $229,000, up 6.8% in a year, 14% below the Michigan typical home. Homes typically sell in 44 days, below asking.
Home values, sales, trends and how Mount Pleasant compares with the towns next door — updated as new data is published.
Mount Pleasant at a glance
A balanced market
About 4.4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Mount Pleasant | Michigan |
|---|---|---|
| 2017 | $129,000 | $144,000 |
| 2018 | $139,000 | $155,000 |
| 2019 | $144,000 | $165,000 |
| 2020 | $157,000 | $175,000 |
| 2021 | $170,000 | $194,000 |
| 2022 | $191,000 | $217,000 |
| 2023 | $199,000 | $230,000 |
| 2024 | $205,000 | $241,000 |
| 2025 | $214,000 | $253,000 |
| 2026 | $222,000 | $262,000 |
| August 2026 | $229,000 | $266,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Mount Pleasant in 2025: 3 single-family houses and 2 in buildings with two or more homes, worth about $1.2 million to build. That's 0.2 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Mount Pleasant has permitted 175 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mount Pleasant's population fell by 4,328 even though 315 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.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 3 | 2 | $1.1 million |
| 2025 | 5 | 3 | 2 | $1.2 million |
| 2024 | 3 | 1 | 2 | $455,000 |
| 2023 | 7 | 1 | 6 | $1.4 million |
| 2022 | 6 | 2 | 4 | $1.1 million |
| 2021 | 7 | 3 | 4 | $1.3 million |
| 2020 | 56 | 0 | 56 | $2.7 million |
| 2019 | 36 | 8 | 28 | $4 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 29 | 15 | 14 | $2.7 million |
| 2016 | 26 | 6 | 20 | $1.8 million |
| 2015 | 62 | 6 | 56 | $4.4 million |
| 2014 | 62 | 7 | 55 | $4.2 million |
| 2013 | 28 | 10 | 18 | $2.7 million |
| 2012 | 15 | 7 | 8 | $1.5 million |
| 2011 | 43 | 5 | 38 | $2.2 million |
| 2010 | 14 | 6 | 8 | $982,000 |
| 2009 | 7 | 7 | 0 | $755,000 |
| 2008 | 152 | 8 | 144 | $4.8 million |
| 2007 | 49 | 41 | 8 | $3.7 million |
| 2006 | 151 | 127 | 24 | $9.3 million |
| 2005 | 75 | 73 | 2 | $5.9 million |
| 2004 | 46 | 13 | 33 | $4.5 million |
| 2003 | 217 | 43 | 174 | $9.4 million |
| 2002 | 80 | 37 | 43 | $5.1 million |
| 2001 | 234 | 28 | 206 | $11.8 million |
| 2000 | 324 | 35 | 289 | $15.7 million |
How Mount Pleasant ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.1 years of income
The typical Mount Pleasant home costs about 5.1 years of the town's median household income, more than across Michigan (3.7 years).
How Mount Pleasant ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,030
HUD's Fair Market Rent for a two-bedroom in Mount Pleasant is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mount Pleasant pay a median of $922, so moving in tends to cost more than staying put. A two-bedroom takes about 28% of the town's median household income.
Studio $870 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48858, 48859; Midland, 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.
Recent listings in Mount Pleasant
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.