The story of this market
The typical home in ZIP 48847 sells for about $199,450, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $836 a month.
ZIP 48847 — Ithaca
The housing market in 48847 remains stable with modest price appreciation and a balanced inventory level. Demand is supported by local employment, though the market is characterized by limited turnover and steady, moderate growth.
Median prices moved up 2.1% year over year.
Homes spend a median of 41 days on market with 3.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.4% · poverty 11.9% — 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 8.6%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48847, Gratiot County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from data.census.gov ZCTA 48847 profile.
- Crystal Motor Speedway4.616.3 mi
- Pins Bar and Grille, Bowling and Event Center4.32.3 mi
- NCG Cinema - Alma4.311.2 mi
- Block House4.59.1 mi
- Pins Bar and Grille, Bowling and Event Center4.32.3 mi
- Paul Hubscher County Park4.69.7 mi
- Maple River State Game Area4.410.2 mi
- The Old Time Gas Station4.719.9 mi
- Mid Michigan Old Gas Tractor Assc Showgrounds4.818.4 mi
- Paul Hubscher County Park4.69.7 mi
- Riverside Park4.28.8 mi
- Woodland Park4.42.7 mi
- Alma Mountain Bike Trail4.68.8 mi
- Breckenridge Splash Park4.211.6 mi
- The Emerald Golf Course4.610.4 mi
- North Star Golf Course4.52.5 mi
- Uncle John's Cider Mill4.510.2 mi
- Meijer4.310.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.