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Mio CDP, MI

ZIP 48647 — 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 48647

Median Home Value
$122,800
Median Rent
$482
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$789/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.

21.2 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 48647 in Mio CDP, MI, a household would need roughly $34,000 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 $789. That sits below the local median household income ($50,594), 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 50% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.2%+30% vs US avg
x
Vacancy Rate
50.0%+385% vs US avg
x
Broadband Access
79.6%-8% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
13.7%-72% vs US avg
x
Mortgage-Free
46.6%+22% vs US avg
x
$122,800
Home Value
$482
Rent
1972
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 detached82.1%
  • 1-unit attached1.0%
  • 2-9 units2.1%
  • 10+ units0.7%
  • Mobile home & other14.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,800
Median rent$482
Owner-occupied85.2%
Vacant50.0%
Price-to-income2.4x
Est. income to buy$34,000