Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median +1.8% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, +51.4% YoY, is the number to watch.
The median listing price is up 1.8% YoY while the median home got down 2.1% bigger, so value per square foot is up 8.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 1 BR (no price per sq ft reported).
At the median, a $140K purchase rents for $1,295/mo: 0.92% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 26 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Condo (sold here, not rented), Multi-Family (no rental days-on-market reported).
U.S. Census ACS characteristics for ZIP 48915 itself, not its parent county.
Renters hold 35.3% of this ZIP's 4,321 occupied households, on a median household income of $54K.
| Measure | ZIP 48915 | Ingham County | Difference |
|---|---|---|---|
| Median Household Income | $54K | $66K | -$11K |
| Below Poverty Level | 17.5% | 16.7% | +0.8% |
| Median Age | 34.10 | 33.30 | +0.80 |
| Total Population | 9,428 | 283,913 | -- |
| Avg Household Size | 2.16 | 2.27 | -0.11 |
| Owner-Occupied | 64.7% | 59.5% | +5.3% |
| Worked From Home | 13.4% | 17.3% | -3.9% |
| Mean Commute | 19.70 | 20.50 | -0.80 |
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 0.7% to 283,913: residents under 18 are up 0.2% and those 65 and over are up 2.7%.
County median household income is $66K, 16.7% of residents are below the poverty level, 17.3% work from home.