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Pontiac city, MI

ZIP 48340 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48340

Median Home Value
$105,800
Median Rent
$883
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$680/mo PITI).

23%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.0 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 48340 in Pontiac city, MI, a household would need roughly $29,000 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 $680. That sits below the local median household income ($46,474), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
43.4%-34% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
0.2%-99% vs US avg
x
Built Pre-1939
10.5%-18% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$105,800
Home Value
$883
Rent
1966
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached56.7%
  • 1-unit attached4.4%
  • 2-9 units17.1%
  • 10+ units19.4%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$105,800
Median rent$883
Owner-occupied43.4%
Vacant7.2%
Price-to-income2.3x
Est. income to buy$29,000