The story of this market
The typical home in ZIP 48871 sells for about $285,000, or $176 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,048 a month.
ZIP 48871 — Perrinton
The housing market in 48871 is characterized by low inventory and steady, modest price appreciation. Sales activity remains limited due to the rural nature of the area, with demand driven primarily by local buyers seeking single-family homes.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower property tax burdens compared to the state average.
Median prices moved up 2.4% year over year.
Homes spend a median of 55 days on market with 3.2 months of supply — a fast-moving market.
8% 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 3.7% · poverty 8.4% — 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 8.4%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48871, Gratiot County MI
The area is served by rural district schools with moderate performance ratings.
The region faces standard Midwestern climate risks including seasonal wind and winter weather; flood risk is generally low but varies by parcel.
The area maintains a stable, rural economic base with limited large-scale commercial development momentum.
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 typically rely on personal vehicles for commutes to regional employment hubs in nearby cities like Lansing or Alma.
Local recreation is centered on rural outdoor activities, small community parks, and proximity to regional agricultural landscapes.
The rental market is limited in depth, primarily consisting of single-family homes with low turnover and minimal institutional investor presence.
The local economy is primarily driven by agriculture and small-scale local services.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Parcels are subject to standard county and local school district levies.
Standard residential property insurance coverage is available; premiums are generally stable.
Data retrieved from US Census Bureau ZCTA profiles.
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.
- Crystal Motor Speedway4.614.4 mi
- Pins Bar and Grille, Bowling and Event Center4.310 mi
- Motz Park4.68.1 mi
- Pins Bar and Grille, Bowling and Event Center4.310 mi
- Paul Hubscher County Park4.611.1 mi
- Clinton Lakes County Park4.68 mi
- Maple River State Game Area4.42.3 mi
- Motz Park4.68.1 mi
- St. Johns City Park4.612 mi
- Paul Hubscher County Park4.611.1 mi
- Clinton Lakes County Park4.68 mi
- West Park4.610.1 mi
- The Emerald Golf Course4.65.7 mi
- North Star Golf Course4.56.7 mi
- Huckleberry Creek Golf Course4.612.9 mi
- Uncle John's Cider Mill4.55.7 mi
- Capital Region International Airport4.326.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local green space serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.