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Greenville city, MI

ZIP 48838 — 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 48838

Median Home Value
$190,400
Median Rent
$765
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,223/mo PITI).

14%
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.

20.7 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 48838 in Greenville city, MI, a household would need roughly $52,000 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 $1,223. That sits below the local median household income ($66,126), 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
73.3%+12% vs US avg
x
Vacancy Rate
7.8%-24% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
6.1%-53% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
39.0%+2% vs US avg
x
$190,400
Home Value
$765
Rent
1977
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 detached70.5%
  • 1-unit attached2.8%
  • 2-9 units12.6%
  • 10+ units7.8%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$190,400
Median rent$765
Owner-occupied73.3%
Vacant7.8%
Price-to-income2.9x
Est. income to buy$52,000