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, MI

ZIP 48051 — 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 48051

Median Home Value
$247,500
Median Rent
$857
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,590/mo PITI).

11%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.1 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 48051 in MI, a household would need roughly $68,000 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 $1,590. That sits below the local median household income ($89,923), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.8%+30% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
1.4%-91% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
3.3%-52% vs US avg
x
Rent Burden >30%
31.0%-38% vs US avg
x
Mortgage-Free
32.3%-16% vs US avg
x
$247,500
Home Value
$857
Rent
1996
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached53.2%
  • 1-unit attached17.8%
  • 2-9 units8.0%
  • 10+ units6.9%
  • Mobile home & other14.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$247,500
Median rent$857
Owner-occupied84.8%
Vacant3.6%
Price-to-income2.8x
Est. income to buy$68,000