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Mason city, MI

ZIP 48854 — 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 48854

Median Home Value
$240,600
Median Rent
$960
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,546/mo PITI).

13%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.9 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 48854 in Mason city, MI, a household would need roughly $66,000 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 $1,546. That sits below the local median household income ($91,956), 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
82.5%+26% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
33.0%-14% vs US avg
x
$240,600
Home Value
$960
Rent
1977
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 detached74.6%
  • 1-unit attached4.5%
  • 2-9 units9.2%
  • 10+ units5.2%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$240,600
Median rent$960
Owner-occupied82.5%
Vacant5.0%
Price-to-income2.6x
Est. income to buy$66,000