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Leonard village, MI

ZIP 48367 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48367

Median Home Value
$386,500
Median Rent
$867
Affordability Snapshot
$106,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,483/mo PITI).

10%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

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

37.1 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 48367 in Leonard village, MI, a household would need roughly $106,000 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 $2,483. That is roughly in line with the local median household income ($104,000). 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
94.3%+44% vs US avg
x
Vacancy Rate
1.6%-85% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
11.1%-25% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
29.4%-41% vs US avg
x
Mortgage-Free
29.6%-23% vs US avg
x
$386,500
Home Value
$867
Rent
1989
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached95.7%
  • 1-unit attached0.0%
  • 2-9 units0.3%
  • 10+ units0.0%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$386,500
Median rent$867
Owner-occupied94.3%
Vacant1.6%
Price-to-income3.7x
Est. income to buy$106,000