The story of this market
The typical home in ZIP 48622 sells for about $185,000, or $132 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $761 a month.
ZIP 48622 — Farwell
The housing market in 48622 remains stable with modest year-over-year price appreciation. Inventory levels are consistent with a balanced market, and sales activity is driven by local demand in this rural Gladwin County area.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 4.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 18.2% — a mixed stability 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 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48622, Gladwin County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from data.census.gov ZCTA 48622 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.