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Perrinton village, MI

ZIP 48871 — 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 48871

Median Home Value
$205,400
Median Rent
$677
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,319/mo PITI).

9%
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.

25.3 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 48871 in Perrinton village, 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 $1,319. That sits below the local median household income ($86,532), 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
83.4%+28% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
81.8%-6% vs US avg
x
4+ Bedrooms
13.2%-11% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
14.5%-71% vs US avg
x
Mortgage-Free
43.5%+14% vs US avg
x
$205,400
Home Value
$677
Rent
1978
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 detached87.7%
  • 1-unit attached0.0%
  • 2-9 units0.8%
  • 10+ units0.0%
  • Mobile home & other11.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$205,400
Median rent$677
Owner-occupied83.4%
Vacant8.8%
Price-to-income2.4x
Est. income to buy$57,000