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Gagetown village, MI

ZIP 48735 — 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 48735

Median Home Value
$118,300
Median Rent
$534
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$760/mo PITI).

10%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.5 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 48735 in Gagetown 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 $760. That sits below the local median household income ($61,250), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.8%+33% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
85.0%-2% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
13.1%+2% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.3%-79% vs US avg
x
Mortgage-Free
46.6%+22% vs US avg
x
$118,300
Home Value
$534
Rent
1963
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached90.8%
  • 1-unit attached0.8%
  • 2-9 units1.0%
  • 10+ units2.4%
  • Mobile home & other4.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,300
Median rent$534
Owner-occupied86.8%
Vacant10.2%
Price-to-income1.9x
Est. income to buy$33,000