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Fraser city, MI

ZIP 48026 — 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 48026

Median Home Value
$193,600
Median Rent
$704
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,244/mo PITI).

14%
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.

22.9 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 48026 in Fraser city, MI, a household would need roughly $53,000 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 $1,244. That sits below the local median household income ($61,118), 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
72.7%+11% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
0.8%-95% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
18.3%-63% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$193,600
Home Value
$704
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached63.5%
  • 1-unit attached13.7%
  • 2-9 units12.0%
  • 10+ units10.2%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$193,600
Median rent$704
Owner-occupied72.7%
Vacant4.0%
Price-to-income3.2x
Est. income to buy$53,000