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Eaton Rapids city, MI

ZIP 48827 — 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 48827

Median Home Value
$206,600
Median Rent
$821
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,327/mo PITI).

13%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.0 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 48827 in Eaton Rapids city, MI, a household would need roughly $57,000 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 $1,327. That sits below the local median household income ($76,230), 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
83.2%+27% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
18.6%-63% vs US avg
x
Mortgage-Free
33.4%-13% vs US avg
x
$206,600
Home Value
$821
Rent
1973
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 detached85.7%
  • 1-unit attached1.1%
  • 2-9 units5.4%
  • 10+ units3.2%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,600
Median rent$821
Owner-occupied83.2%
Vacant6.8%
Price-to-income2.7x
Est. income to buy$57,000