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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −2.1% YoY. inventory, +6.2% YoY, is the number to watch.
The median listing price is down 2.1% YoY while the median home got down 3.4% bigger, so value per square foot is up 0.8%.
U.S. Census ACS characteristics for ZIP 48198 itself, not its parent county.
Renters hold 42.5% of this ZIP's 16,471 occupied households, on a median household income of $63K.
| Measure | ZIP 48198 | Washtenaw County | Difference |
|---|---|---|---|
| Median Household Income | $63K | $89K | -$26K |
| Below Poverty Level | 18.7% | 14.2% | +4.5% |
| Median Age | 33.80 | 35.00 | -1.20 |
| Total Population | 39,244 | 369,822 | -- |
| Avg Household Size | 2.37 | 2.33 | +0.04 |
| Owner-Occupied | 57.5% | 61.6% | -4.2% |
| Worked From Home | 13.9% | 22.6% | -8.7% |
| Mean Commute | 25.60 | 23.50 | +2.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 369,822: residents under 18 are down 0.3% and those 65 and over are up 3.6%.
County median household income is $89K, 14.2% of residents are below the poverty level, 22.6% work from home.