US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 48032
  5. Housing & Real Estate
, MI

ZIP 48032 — 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 48032

Median Home Value
$239,600
Median Rent
$679
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,539/mo PITI).

9%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.4 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 48032 in MI, a household would need roughly $66,000 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 $1,539. That sits below the local median household income ($89,000), 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
93.2%+43% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
7.1%-52% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
2.0%-96% vs US avg
x
Mortgage-Free
46.7%+22% vs US avg
x
$239,600
Home Value
$679
Rent
1992
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached94.8%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$239,600
Median rent$679
Owner-occupied93.2%
Vacant7.7%
Price-to-income2.7x
Est. income to buy$66,000