$149,900
5960 S 25 Rd
Boon, MI
3 bd2 ba1,344 sqft$112/ft²
Mobile home1.28 acres
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Sarah Mitchell
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Compass Real Estate · Boon, MI
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Boon, MI(512) 555-0184TX License #0512847
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Boon, MI Housing Market
Buyer's market+5.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through March 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Boon, MI is worth $261,102, rose 5.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $187,200 (through May 2026). With homes going under contract in about 209 days, Boon is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $261,102 home is about $1,394/mo in principal and interest.
Key numbers for Boon, MI
Typical home value
$261,102
+5.8% in 12 months
Zillow, August 2026
Median sale price
$187,200
Last published period
Redfin, through March 2026
Days on market
209
Slow-moving
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$86,250
Home costs 3.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
85.5%
Selling below asking
Redfin, through March 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Boon a buyer's or seller's market?
Buyer's market209 days on market85.5% of asking
Boon, MI is a buyer's market and homes selling in about 209 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Boon housing market data show?
Every row below is Redfin's final published month for Boon, MI. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $187,200 |
| Median price per sq ft | $133/sq ft |
| Median days on market | 209 days |
| Sale-to-list price ratio | 85.5% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Boon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Boon is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Boon home prices moved?
Across the 6 months we hold for Boon, MI, the median sale price rose 17.1%, from $159,900 in August 2021 to $187,200. The live Zillow value series has rose 5.8% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Boon?
Priced off the typical home value of $261,102 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $52,220 | $208,882 | $1,394/mo |
| 5% | $13,055 | $248,047 | $1,655/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,394, that implies roughly $59,739 a year before you add taxes and insurance. The median household in Boon earns $86,250, about $26,511 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Boon in the next 12 months?
Tell us your timeline. We send the Boon market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Boon?
Zillow does not publish a rent index (ZORI) for Boon, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Boon?
Active listings in Boon, MI went from 1 in August 2021 to 1 in February 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| August 2021 | 1 |
| February 2025 | 1 |
Redfin, through February 2025
How does Boon compare to Michigan and the U.S.?
Boon homes sell for $187,200 — 37% below the Michigan median of $297,900. Against the national median of $410,700, Boon runs 54% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Boon, MI | $187,200 | not published | 209 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Boon
What buyers should watch
- The gap between 5% and 20% down here is $261 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $261,102 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Boon listing goes under contract in 209 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 85.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +5.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Boon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Boon
Explore homes currently listed for sale in Boon, Michigan across major real estate platforms.
Looking to buy in Boon?
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Sale-to-list:85.5%
How much do homes cost in Boon by property type?
How the Boon, MI market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $187,200 | $133/sq ft | 1 | 209 days |
Who lives in Boon?
American Community Survey estimates for Boon. U.S. Census ACS, 2023
Population
57
Households
30
Median income
$86,250/yr
Median age
54.7 years
Owner-occupied
76.7%
Median home value
$117,500
Mean commute
24.8 min
76.7% of occupied homes in Boon are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $117,500 against Zillow's $261,102 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Boon?
1 schools tracked · 250 students
The largest public schools serving Boon, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Forest View Elementary School
Grades PK-5 · 250 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Boon, MI?
Ordered by distance from Boon, not by size. Compare Boon side by side with any of them.
Boon housing market FAQ
Is Boon a buyer's or seller's market?
Boon, MI is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Boon?
The typical home in Boon, MI is worth $261,102 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $187,200, about $133 per square foot.
Is Boon cheaper than the rest of Michigan?
Boon's median sale price of $187,200 is 37% lower than the Michigan statewide median of $297,900, and 54% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Boon?
Homes in Boon, MI spent a median of 209 days on market before going under contract, versus 24 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Boon?
At the current 30-year fixed rate of 7.03%, 20% down on a $261,102 home is about $1,394 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $59,739 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $86,250.
Are home prices rising in Boon?
The typical home value in Boon, MI rose 5.8% over the last 12 months, from $246,864 to $261,102 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Boon?
Boon ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Boon?
That depends on your timeline, not on a headline. What the data says today: Boon, MI is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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