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, MI

ZIP 48187 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48187

Median Home Value
$341,400
Median Rent
$1,281
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,193/mo PITI).

13%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.2 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 48187 in MI, a household would need roughly $94,000 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 $2,193. That sits below the local median household income ($117,980), 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
72.7%+11% vs US avg
x
Vacancy Rate
5.5%-46% vs US avg
x
Broadband Access
95.3%+10% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
30.0%-21% vs US avg
x
$341,400
Home Value
$1,281
Rent
1981
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached64.6%
  • 1-unit attached7.7%
  • 2-9 units15.0%
  • 10+ units11.4%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$341,400
Median rent$1,281
Owner-occupied72.7%
Vacant5.5%
Price-to-income2.9x
Est. income to buy$94,000