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Ypsilanti city, MI

ZIP 48198 — 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 48198

Median Home Value
$178,300
Median Rent
$1,006
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,145/mo PITI).

19%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.8 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 48198 in Ypsilanti city, MI, a household would need roughly $49,000 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 $1,145. That sits below the local median household income ($63,678), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
58.6%-10% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
6.7%-47% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
25.8%-48% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$178,300
Home Value
$1,006
Rent
1970
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached58.0%
  • 1-unit attached6.0%
  • 2-9 units15.9%
  • 10+ units14.2%
  • Mobile home & other5.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$178,300
Median rent$1,006
Owner-occupied58.6%
Vacant5.2%
Price-to-income2.8x
Est. income to buy$49,000