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Chelsea city, MI

ZIP 48118 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48118

Median Home Value
$348,500
Median Rent
$1,317
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,239/mo PITI).

18%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

22.1 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 48118 in Chelsea city, MI, a household would need roughly $96,000 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 $2,239. That is roughly in line with the local median household income ($87,934). 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
79.3%+21% vs US avg
x
Vacancy Rate
4.3%-58% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
31.5%-17% vs US avg
x
$348,500
Home Value
$1,317
Rent
1979
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached77.4%
  • 1-unit attached7.5%
  • 2-9 units5.6%
  • 10+ units6.5%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$348,500
Median rent$1,317
Owner-occupied79.3%
Vacant4.3%
Price-to-income4.0x
Est. income to buy$96,000