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Carleton village, MI

ZIP 48117 — 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 48117

Median Home Value
$276,600
Median Rent
$808
Affordability Snapshot
$76,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,777/mo PITI).

13%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.5 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 48117 in Carleton village, MI, a household would need roughly $76,000 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 $1,777. That is roughly in line with the local median household income ($76,600). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.6%+36% vs US avg
x
Vacancy Rate
4.8%-54% vs US avg
x
Broadband Access
88.7%+2% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
44.1%+15% vs US avg
x
$276,600
Home Value
$808
Rent
1978
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

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

  • 1-unit detached81.3%
  • 1-unit attached0.2%
  • 2-9 units0.4%
  • 10+ units1.9%
  • Mobile home & other16.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$276,600
Median rent$808
Owner-occupied88.6%
Vacant4.8%
Price-to-income3.6x
Est. income to buy$76,000