The story of this market
The typical home in ZIP 48858 sells for about $220,000, or $130 per square foot.
Prices are up +11.3% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $913 a month.
ZIP 48858 — Mount Pleasant
The Mount Pleasant housing market shows resilience with a 11.3% year-over-year price increase, though high vacancy rates and a large renter population suggest a unique, university-driven dynamic. While inventory remains tight, the market is seeing a slight increase in days on market, providing a more balanced environment for buyers compared to previous years.
This ZIP is well-suited for university-affiliated individuals, students, and budget-conscious families looking for an affordable entry point into the Michigan housing market.
Median prices moved up 11.3% year over year.
Homes spend a median of 40 days on market with 13.4 months of supply — a balanced-paced market.
32% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 25.9% — a mixed stability 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 5.6%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48858, Michigan
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Mount Pleasant Public Schools, which generally maintain a moderate rating profile within the region.
The region faces standard Midwestern climate risks, including seasonal severe weather and potential for localized flooding near river corridors.
Economic momentum is anchored by Central Michigan University and regional healthcare services, with steady but modest development activity.
Property taxes are assessed at the local level by Isabella County, with rates influenced by school district millages and municipal levies.
Commutes are generally short due to the area's compact layout, with most residents traveling within the city or to nearby regional hubs via US-127.
The area features access to the Chippewa River, various city parks, and proximity to regional golf courses and shopping districts along the M-20 corridor.
The rental market is heavily influenced by the university student population, leading to high demand for multi-family units and seasonal vacancy fluctuations.
The economy is heavily driven by Central Michigan University, McLaren Central Michigan hospital, and regional retail trade.
The area is served by a network of state highways including US-127 and M-20, facilitating regional connectivity.
Development is focused on infill projects and student-oriented housing near the university campus.
Isabella County utilizes a standard ad valorem assessment system based on state-equalized values.
Parcels are subject to local school district taxes and county-wide millages for public services.
Property insurance premiums are generally stable, though coverage for wind and water damage is standard for the region.
Michigan operates primarily as a non-judicial foreclosure state.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Major regional anchor and cultural hub.
Provides recreational trails and fishing access.
Central city park with sports facilities and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.