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Gladwin city, MI

ZIP 48624 — 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 48624

Median Home Value
$154,000
Median Rent
$548
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$989/mo PITI).

12%
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.

23.4 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 48624 in Gladwin city, MI, a household would need roughly $42,000 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 $989. That sits below the local median household income ($55,415), 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

Vacancy rate 37% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.1%+35% vs US avg
x
Vacancy Rate
37.1%+260% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
9.7%-81% vs US avg
x
Mortgage-Free
49.6%+30% vs US avg
x
$154,000
Home Value
$548
Rent
1980
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached84.0%
  • 1-unit attached0.9%
  • 2-9 units1.5%
  • 10+ units2.2%
  • Mobile home & other11.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,000
Median rent$548
Owner-occupied88.1%
Vacant37.1%
Price-to-income2.8x
Est. income to buy$42,000