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Elsie village, MI

ZIP 48831 — 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 48831

Median Home Value
$155,400
Median Rent
$566
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$998/mo PITI).

11%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.9 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 48831 in Elsie village, MI, a household would need roughly $43,000 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 $998. That sits below the local median household income ($61,800), 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
88.0%+35% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
80.1%-8% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
8.5%-83% vs US avg
x
Mortgage-Free
50.7%+33% vs US avg
x
$155,400
Home Value
$566
Rent
1961
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 detached87.6%
  • 1-unit attached0.0%
  • 2-9 units4.4%
  • 10+ units1.1%
  • Mobile home & other6.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,400
Median rent$566
Owner-occupied88.0%
Vacant7.1%
Price-to-income2.5x
Est. income to buy$43,000