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Freeland CDP, MI

ZIP 48623 — 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 48623

Median Home Value
$230,300
Median Rent
$903
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,479/mo PITI).

11%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.3 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 48623 in Freeland CDP, MI, a household would need roughly $63,000 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 $1,479. That sits below the local median household income ($96,371), 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
88.3%+35% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.9%-88% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
39.2%+3% vs US avg
x
$230,300
Home Value
$903
Rent
1990
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached84.4%
  • 1-unit attached5.2%
  • 2-9 units3.6%
  • 10+ units1.0%
  • Mobile home & other5.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$230,300
Median rent$903
Owner-occupied88.3%
Vacant4.9%
Price-to-income2.4x
Est. income to buy$63,000