The story of this market
The typical home in ZIP 48476 sells for about $134,100, or $122 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 48476 — Vernon
The housing market in 48476 is characterized by low inventory and slow turnover, reflecting its rural nature. Prices remain affordable compared to the national median, with growth driven by steady demand for single-family homes. Most metrics are based on limited transaction volume, typical for this small ZCTA.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options, while remaining within a reasonable driving distance of larger employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 65 days on market with 3.2 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 4.8% · poverty 16.3% — 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 5.2%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48476, Shiawassee County MI
Crime rates in the Vernon area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are primarily part of the Byron Area Schools district, which maintains a stable academic reputation within the rural Genesee County context.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional winter storm impacts; flood risk is generally low outside of immediate creek proximity.
Economic momentum is modest, driven by proximity to the broader Flint-Owosso industrial and service corridors rather than localized large-scale commercial 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 primarily rely on personal vehicles for commuting, with access to M-13 and I-69 providing connections to employment hubs in Flint and Lansing.
Local recreation is centered on rural outdoor activities, with small community parks and proximity to larger regional greenbelts and fishing spots in Shiawassee and Genesee counties.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is largely supported by small-scale agriculture, local services, and commuting residents working in the manufacturing and healthcare sectors of the Flint metro area.
Public transit is not available; the area is entirely dependent on private vehicle transportation via local roads and state highways.
There are no major commercial or residential developments currently approved or under construction within the ZIP code boundaries.
The Shiawassee County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district taxes, county-wide millages, and township-level assessments for fire and emergency services.
Property insurance premiums are stable, though homeowners should account for standard coverage against wind and storm damage common to the region.
Michigan has experienced modest net domestic migration shifts, with rural areas like this seeing stable population retention.
Michigan is a judicial foreclosure state, requiring court proceedings to finalize the foreclosure process, which typically provides a redemption period for homeowners.
Michigan law requires sellers to provide a written disclosure statement to buyers, detailing the condition of the property and known defects.
Data retrieved from Census Reporter/data.census.gov for ZCTA 48476.
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.
- Sky Zone Trampoline Park4.314.6 mi
- Toddler Country Play Cafe4.814.3 mi
- Flint Farmers' Market4.618 mi
- The Laundry4.519.4 mi
- Owosso Speedway4.414.6 mi
- Fenton Winery & Brewery/Dream Machine Distillery4.617.7 mi
- Golden Corral Buffet & Grill3.813.9 mi
- Steam Railroading Institute4.57.9 mi
- Elms Park4.611.2 mi
- McCurdy Park4.65.4 mi
- Owosso Curwood Castle4.68.3 mi
- Durand Union Station Inc4.83.4 mi
- Sloan Museum of Discovery4.618.6 mi
- Flint Institute of Arts Museum + Art School4.818.6 mi
- Flint Children's Museum4.716.8 mi
- Steam Railroading Institute4.57.9 mi
- Owosso Curwood Castle4.68.3 mi
- Elms Park4.611.2 mi
- McCurdy Park4.65.4 mi
- Flushing County Park4.812.5 mi
- DeVries Nature Conservancy4.89.7 mi
- Curwood Castle Park4.78.2 mi
- SkipperBud's3.418.4 mi
- Willow Brook Golf Course & Restaurant4.39.4 mi
- Flushing Valley Golf Club4.112.9 mi
- Genesee Valley Golf Course4.212.3 mi
- Holiday Meadows / Holiday Shores RV Resort4.53.8 mi
- Owosso Country Club4.311.3 mi
- Meijer4.410.4 mi
- Meijer4.35.9 mi
- Dollar General48.3 mi
- Dollar General4.112.5 mi
- Owosso Farmers Market4.68.2 mi
- Bishop International Airport4.514.4 mi
- Capital Region International Airport4.330.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.