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Port Hope village, MI

ZIP 48468 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48468

Median Home Value
$120,000
Median Rent
$478
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$771/mo PITI).

10%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.9 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 48468 in Port Hope village, MI, a household would need roughly $33,000 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 $771. That sits below the local median household income ($58,393), 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 46% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
91.7%+40% vs US avg
x
Vacancy Rate
46.0%+346% vs US avg
x
Broadband Access
78.2%-10% vs US avg
x
4+ Bedrooms
3.9%-73% vs US avg
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
22.9%-54% vs US avg
x
Mortgage-Free
59.3%+55% vs US avg
x
$120,000
Home Value
$478
Rent
1971
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached85.1%
  • 1-unit attached0.3%
  • 2-9 units0.5%
  • 10+ units0.0%
  • Mobile home & other14.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,000
Median rent$478
Owner-occupied91.7%
Vacant46.0%
Price-to-income2.1x
Est. income to buy$33,000