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, MI

ZIP 48006 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48006

Median Home Value
$225,900
Median Rent
$914
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,451/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48006 in MI, a household would need roughly $62,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,451. That sits below the local median household income ($70,451), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
93.6%+43% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
9.6%-81% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$225,900
Home Value
$914
Rent
1985
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached90.9%
  • 1-unit attached0.8%
  • 2-9 units0.6%
  • 10+ units0.0%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$225,900
Median rent$914
Owner-occupied93.6%
Vacant7.2%
Price-to-income3.2x
Est. income to buy$62,000