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Pewamo village, MI

ZIP 48873 — 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 48873

Median Home Value
$198,800
Median Rent
$575
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,277/mo PITI).

8%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.8 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 48873 in Pewamo village, MI, a household would need roughly $55,000 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 $1,277. That sits below the local median household income ($86,250), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
93.1%+42% vs US avg
x
Vacancy Rate
13.1%+27% vs US avg
x
Broadband Access
89.7%+3% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
40.0%-20% vs US avg
x
Mortgage-Free
52.6%+38% vs US avg
x
$198,800
Home Value
$575
Rent
1974
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached86.9%
  • 1-unit attached2.4%
  • 2-9 units0.2%
  • 10+ units1.8%
  • Mobile home & other8.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$198,800
Median rent$575
Owner-occupied93.1%
Vacant13.1%
Price-to-income2.3x
Est. income to buy$55,000