Addison, MI
Full City Profile · Michigan · Hillsdale County County
3.1
/5.0
B
Good
585
Population
609/sq mi density
$53,056
Median Income
$25,443 per capita
$132,700
Home Value
$264,968 Zillow
$668
Median Rent
22.9% income on rent
49°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C
Economy
2.4 / 5.0
$53,056 median income, 8.1% unemployment
A+
Affordability
5.0 / 5.0
$132,700 home value, $668/mo rent
D
Education
1.8 / 5.0
9.8% bachelor's degree or higher
Housing Overview
Median Home Value
$132,700
53% below
US avg: $281,900
Median Rent
$668/mo
43% below
US avg: $1,163/mo
Homeownership Rate
66.1%
1% above US avg (65.4%)
Total Housing Units
294
Median year built: 1954
Home Value by Source
Census Median
$132,700
Zillow (ZHVI)
$264,968
Redfin Median Sale
$152,500
Median Sale Price
$152,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
66.1%
Owner-Occupied
33.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$668/mo
Market Indicators (Redfin)
Median Sale Price
$152,500
Median Days on Market
133 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$83
Affordability & Housing Stock
Rent Burden
22.9%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
66.1%
Complete Housing Data
Home Values
| Census Median Value | $132,700 |
| Zillow Home Value (ZHVI) | $264,968 |
| Redfin Median Sale | $152,500 |
| Median Sale Price | $152,500 |
| Price Per Sq Ft | $83 |
Rent
| Census Median Rent | $668 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 133 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Price Per Sq Ft | $83 |
Ownership & Stock
| Owner-Occupied | 66.1% |
| Renter-Occupied | 33.9% |
| Homeownership Rate | 66.1% |
| Total Housing Units | 294 |
| Median Year Built | 1954 |
| Rent Burden | 22.9% |