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Elm Hall CDP, MI

ZIP 48877 — 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 48877

Median Home Value
$107,400
Median Rent
$440
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$690/mo PITI).

9%
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.

20.3 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 48877 in Elm Hall CDP, MI, a household would need roughly $30,000 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 $690. That sits below the local median household income ($57,222), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
93.4%+43% vs US avg
x
Vacancy Rate
19.5%+89% vs US avg
x
Broadband Access
81.8%-6% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
5.3%-58% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
41.1%-17% vs US avg
x
Mortgage-Free
42.7%+12% vs US avg
x
$107,400
Home Value
$440
Rent
1982
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached77.8%
  • 1-unit attached1.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other21.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$107,400
Median rent$440
Owner-occupied93.4%
Vacant19.5%
Price-to-income1.9x
Est. income to buy$30,000