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Saranac village, MI

ZIP 48881 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48881

Median Home Value
$219,400
Median Rent
$509
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,409/mo PITI).

8%
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.

35.9 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 48881 in Saranac village, MI, a household would need roughly $60,000 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 $1,409. That sits below the local median household income ($76,915), 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
79.8%+22% vs US avg
x
Vacancy Rate
5.8%-44% vs US avg
x
Broadband Access
88.2%+1% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
7.6%-85% vs US avg
x
Mortgage-Free
30.6%-20% vs US avg
x
$219,400
Home Value
$509
Rent
1979
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached81.4%
  • 1-unit attached1.9%
  • 2-9 units2.9%
  • 10+ units7.9%
  • Mobile home & other5.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$219,400
Median rent$509
Owner-occupied79.8%
Vacant5.8%
Price-to-income2.9x
Est. income to buy$60,000