US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 48603
  5. Housing & Real Estate
Freeland CDP, MI

ZIP 48603 — 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 48603

Median Home Value
$181,800
Median Rent
$829
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,168/mo PITI).

15%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.3 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 48603 in Freeland CDP, MI, a household would need roughly $50,000 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 $1,168. That sits below the local median household income ($65,690), 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
65.9%+1% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
91.3%+5% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
23.6%-52% vs US avg
x
Mortgage-Free
42.9%+12% vs US avg
x
$181,800
Home Value
$829
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached57.3%
  • 1-unit attached9.1%
  • 2-9 units16.0%
  • 10+ units12.7%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$181,800
Median rent$829
Owner-occupied65.9%
Vacant8.0%
Price-to-income2.8x
Est. income to buy$50,000