The story of this market
The typical home in ZIP 48460 sells for about $206,000, or $125 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $704 a month.
ZIP 48460 — New Lothrop
The housing market in 48460 is characterized by low inventory and steady, modest price appreciation. Market activity is driven by local demand for single-family homes, with limited new construction projects currently underway. Figures for specific metrics like months of supply and sale-to-list ratios are based on local market estimates.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options and a strong sense of community.
Median prices moved up 3.2% year over year.
Homes spend a median of 58 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 7.9% — 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 4.8%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48460, Shiawassee County MI
The area is served by local district schools which generally maintain stable performance ratings consistent with rural Michigan standards.
The region faces standard Midwestern climate risks including seasonal wind and winter weather; flood risk is generally low but varies by specific parcel location.
Economic momentum is driven by local agricultural and small-scale commercial activity with limited large-scale industrial development.
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 commute by personal vehicle to employment hubs in nearby Shiawassee or Genesee counties.
The area features rural park spaces and proximity to local community centers, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is characterized by low inventory and stable demand, primarily consisting of single-family home rentals.
The local economy is primarily supported by small businesses, agriculture, and service-sector employment within Shiawassee County.
Transportation is almost exclusively reliant on private vehicle use due to the rural nature of the geography.
No major large-scale commercial or residential developments are currently reported for this ZIP.
The Shiawassee County Equalization Department oversees property assessments and tax roll maintenance.
Parcels are subject to local school district millages and county-wide service assessments.
Property insurance premiums are generally stable, reflecting the low-hazard rural environment.
Data retrieved from MyTownView and 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.
- Bavarian Blast Waterpark418.9 mi
- Extreme Indoor Kart Racing4.413.7 mi
- Sky Zone Trampoline Park4.315.3 mi
- Skateland Arena4.515.4 mi
- Anger Management Rage Room4.913.6 mi
- Frankenmuth River Place Shops4.718.5 mi
- Flint Farmers' Market4.616.7 mi
- Dort Financial Center4.419 mi
- Owosso Speedway4.418.4 mi
- Frankenmuth Brewery419 mi
- Steam Railroading Institute4.512.9 mi
- McCurdy Park4.612 mi
- Owosso Curwood Castle4.612.9 mi
- Flushing County Park4.87.4 mi
- NCG Cinema - Owosso4.412.7 mi
- Sloan Museum of Discovery4.616.9 mi
- Flint Institute of Arts Museum + Art School4.817 mi
- Flint Children's Museum4.715.7 mi
- Steam Railroading Institute4.512.9 mi
- Owosso Curwood Castle4.612.9 mi
- McCurdy Park4.612 mi
- Flushing County Park4.87.4 mi
- Showboat Park4.57.6 mi
- Flushing Township Nature Park4.76.1 mi
- Taymouth Township Park4.58.6 mi
- The Saginaw Marina, Inc.4.419.7 mi
- Briar Ridge Golf Course4.54.7 mi
- Flushing Valley Golf Club4.18.9 mi
- Clio Country Club Golf Course4.711.4 mi
- Holiday Meadows / Holiday Shores RV Resort4.511.7 mi
- Owosso Country Club4.310.8 mi
- Meijer4.310.7 mi
- Flushing Farms4.66.3 mi
- Frank's Supermarket4.48.3 mi
- Dollar General3.910.4 mi
- Don's Foodland4.613 mi
- Bishop International Airport4.516.3 mi
- MBS International Airport4.629.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local recreational space serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.