The story of this market
The typical home in ZIP 48505 sells for about $63,000, or $62 per square foot.
Prices are roughly flat from a year ago (+0.2%), a market in balance. Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $797 a month.
ZIP 48505 — Flint
The 48505 housing market remains a low-cost, high-vacancy environment with limited price appreciation. Market activity is driven by investor interest in low-value properties, while high property tax rates and systemic economic challenges continue to suppress broader residential demand.
This ZIP is primarily suited for budget-conscious investors and long-term residents, as the low entry price points are offset by high tax burdens and limited local economic growth.
Median prices moved up 0.2% year over year.
Homes spend a median of 145 days on market with 5.3 months of supply — a slower-moving market.
25% of listings have cut prices · homes sell at 94.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 22.6% · poverty 39.4% — elevated distress and economic pressure.
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 12.0%/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 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48505, Genesee County MI
The area experiences significantly higher crime rates compared to the national average and regional benchmarks, with property and violent crime remaining primary concerns for residents.
Public schools serving the area generally receive low performance ratings, reflecting systemic challenges within the local district's academic outcomes.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and winter weather, with flood risk localized to specific low-lying zones near the Flint River.
Economic momentum is currently limited, with the area primarily focused on stabilization and repurposing of legacy industrial sites rather than large-scale new 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 I-475 and I-75 providing the main corridors toward employment centers in Flint and surrounding Genesee County.
Local amenities include neighborhood parks and proximity to the Flint River trail system, though major retail and entertainment hubs are primarily located outside the immediate ZIP boundaries.
The rental market is characterized by high vacancy pressure and a significant share of investor-owned single-family rentals, with rents remaining relatively stagnant due to low local purchasing power.
The local economy is heavily influenced by the broader Flint industrial legacy, with healthcare and education serving as the primary stabilizing employment sectors.
Public transit is limited to bus services provided by the Flint Mass Transportation Authority, with highway access via I-475 being the primary transit artery.
Development is currently focused on urban blight removal and small-scale residential rehabilitation projects.
The Genesee County Equalization Department oversees assessments, which have faced challenges due to the high volume of distressed properties.
Parcels are subject to standard municipal and county levies, with additional assessments for local school district operations.
Property insurance premiums are elevated due to the age of the housing stock and regional risk factors, making coverage a significant portion of housing costs.
Data retrieved from data.census.gov ZCTA 48505 profile.
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.
Provides regional connectivity for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.