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Dundee village, MI

ZIP 48131 — 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 48131

Median Home Value
$246,300
Median Rent
$1,036
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,582/mo PITI).

15%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

19.8 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 48131 in Dundee village, 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 $1,582. That sits below the local median household income ($81,386), 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
69.2%+6% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
8.3%-83% vs US avg
x
Mortgage-Free
26.2%-31% vs US avg
x
$246,300
Home Value
$1,036
Rent
1992
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached66.4%
  • 1-unit attached1.3%
  • 2-9 units8.1%
  • 10+ units16.5%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$246,300
Median rent$1,036
Owner-occupied69.2%
Vacant6.0%
Price-to-income3.0x
Est. income to buy$68,000