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Sheridan village, MI

ZIP 48884 — 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 48884

Median Home Value
$168,700
Median Rent
$646
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,084/mo PITI).

13%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.8 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 48884 in Sheridan village, MI, a household would need roughly $46,000 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 $1,084. That sits below the local median household income ($60,000), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
92.4%+41% vs US avg
x
Vacancy Rate
13.4%+30% vs US avg
x
Broadband Access
76.3%-12% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
13.0%-74% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$168,700
Home Value
$646
Rent
1979
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 detached79.3%
  • 1-unit attached0.3%
  • 2-9 units3.1%
  • 10+ units0.0%
  • Mobile home & other17.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$168,700
Median rent$646
Owner-occupied92.4%
Vacant13.4%
Price-to-income2.8x
Est. income to buy$46,000