diff --git a/homeassistant/components/mqtt/update.py b/homeassistant/components/mqtt/update.py
index 986ad013520205587c31591015e360054fde9167..5536d16d1c77eb5d35aadd8e67b76ffb2f745cf5 100644
--- a/homeassistant/components/mqtt/update.py
+++ b/homeassistant/components/mqtt/update.py
@@ -181,9 +181,9 @@ class MqttUpdate(MqttEntity, UpdateEntity, RestoreEntity):
                     msg.topic,
                 )
             except JSON_DECODE_EXCEPTIONS:
-                _LOGGER.warning(
+                _LOGGER.debug(
                     "No valid (JSON) payload detected after processing payload '%s' on topic %s",
-                    json_payload,
+                    payload,
                     msg.topic,
                 )
                 json_payload["installed_version"] = payload