The story of this market
The typical home in ZIP 48838 sells for about $211,500, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 48838 — Greenville
The housing market in ZIP 48838 remains stable with moderate price growth and consistent demand for single-family homes. Inventory levels are balanced, and the area continues to attract buyers looking for affordability relative to the nearby Grand Rapids metro area. Figures for specific metrics like months of supply and sale-to-list ratios are based on regional trends as specific ZIP-level data is not published.
This ZIP code is well-suited for families and individuals seeking an affordable, small-town lifestyle with access to regional employment hubs in the Grand Rapids area.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 11.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48838, Montcalm County MI
Crime rates in the Greenville area are generally considered lower than the national average, with property crime being the most frequently reported incident type.
The area is served by Greenville Public Schools, which provides a standard range of educational services for the local community.
The region faces typical Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with standard flood insurance requirements for properties in designated floodplains.
The local economy is supported by a mix of manufacturing and service-sector employers, with steady development activity focused on residential and small-scale commercial expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents primarily rely on personal vehicles for commuting, with access to major regional corridors connecting to the Grand Rapids metropolitan area.
The area features several local parks, access to the Flat River for outdoor activities, and proximity to regional golf courses and community shopping centers.
The rental market is characterized by a high demand for affordable housing, with limited vacancy pressure and a prevalence of 2-bedroom units.
The economy is anchored by manufacturing and retail sectors, with a stable employment base serving the surrounding Montcalm County region.
Transportation is primarily highway-based, with regional connectivity provided by state routes linking to the Grand Rapids metro area.
Development is focused on infill residential projects and small-scale commercial expansion within the city limits.
The Montcalm County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district millages and county-wide service assessments.
Property insurance markets remain stable, with premiums reflecting standard regional risk profiles for wind and storm damage.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 48838.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides recreational opportunities including fishing and kayaking.
Serves as a hub for local community events and sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.