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Goodrich village, MI

ZIP 48438 — 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 48438

Median Home Value
$309,000
Median Rent
$1,012
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,985/mo PITI).

12%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

25.4 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 48438 in Goodrich village, MI, a household would need roughly $85,000 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 $1,985. That sits below the local median household income ($100,759), 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
96.0%+47% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
8.9%-40% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.5%-87% vs US avg
x
Mortgage-Free
27.3%-29% vs US avg
x
$309,000
Home Value
$1,012
Rent
1980
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 detached95.4%
  • 1-unit attached3.2%
  • 2-9 units0.8%
  • 10+ units0.0%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$309,000
Median rent$1,012
Owner-occupied96.0%
Vacant3.2%
Price-to-income3.1x
Est. income to buy$85,000