The story of this market
The typical home in ZIP 48817 sells for about $199,900, or $139 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 48817 — Corunna
The housing market in 48817 remains stable with steady demand for single-family homes, supported by an affordable median price point. While inventory is limited, the market is balanced, driven by local buyers and those seeking a suburban lifestyle. Figures for specific metrics like months of supply and exact year-over-year price changes are based on current market listings and recent sales data.
This ZIP is well-suited for families and commuters who prefer a small-town atmosphere with access to larger regional employment centers. It appeals to buyers seeking more space and affordability than found in major metropolitan hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 9.2% — 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 6.3%/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 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48817, Shiawassee County MI
Corunna generally experiences lower crime rates compared to larger urban centers in Michigan, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered relatively safe for families.
The area is primarily served by Corunna Public Schools, which are generally regarded as providing a solid, community-focused education. Schools in the district maintain average state accountability ratings.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional winter weather impacts. Flood risk is localized to specific low-lying areas near the Shiawassee River.
Economic momentum is driven by local manufacturing, agriculture, and proximity to larger employment hubs in the Lansing and Flint regions. Development is characterized by steady, modest residential growth.
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 commute by car, with easy access to M-21 for travel toward Owosso or Flint. Public transit options are limited, making personal vehicle ownership essential for most employment commutes.
The area features access to the Shiawassee River for outdoor activities, local community parks, and proximity to golf courses in the surrounding Shiawassee County area. Shopping and dining are concentrated in the downtown Corunna and nearby Owosso corridors.
The rental market is characterized by low vacancy pressure and steady demand, primarily driven by local workers and families seeking affordable housing. Short-term rental presence is minimal compared to long-term residential leasing.
The local economy is anchored by manufacturing, healthcare, and retail sectors. Proximity to Owosso provides additional employment opportunities in education and public services.
Transportation is heavily reliant on the M-21 highway corridor, which serves as the primary artery for regional travel. Infrastructure is maintained at a standard level for a rural-suburban Michigan community.
Development planning focuses on infill residential projects and maintaining the historic character of the downtown area. There are no major industrial mega-projects currently reported for this specific ZIP.
The Shiawassee County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district taxes, county operating millages, and specific township or city levies for emergency services and infrastructure.
Property insurance premiums are generally stable, though homeowners should account for standard coverage related to wind, hail, and winter storm damage common in the Great Lakes region.
Michigan has seen modest net domestic migration trends, with rural and suburban areas like Shiawassee County attracting residents seeking lower costs of living.
Michigan operates as a judicial foreclosure state, providing a statutory redemption period for homeowners following a foreclosure sale.
Sellers are required to provide a written disclosure statement detailing the condition of the property, including known defects, at the time of sale.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Extreme Indoor Kart Racing4.420 mi
- Sky Zone Trampoline Park4.314.7 mi
- Toddler Country Play Cafe4.813.4 mi
- Flint Farmers' Market4.617.8 mi
- Owosso Speedway4.413.6 mi
- Golden Corral Buffet & Grill3.814.1 mi
- Fenton Winery & Brewery/Dream Machine Distillery4.619.8 mi
- The Machine Shop Concert Lounge4.819.5 mi
- Steam Railroading Institute4.56.7 mi
- Elms Park4.611.7 mi
- McCurdy Park4.64.5 mi
- Owosso Curwood Castle4.66.9 mi
- Durand Union Station Inc4.86.9 mi
- Sloan Museum of Discovery4.618.2 mi
- Flint Institute of Arts Museum + Art School4.818.3 mi
- Flint Children's Museum4.716.5 mi
- Steam Railroading Institute4.56.7 mi
- Owosso Curwood Castle4.66.9 mi
- Elms Park4.611.7 mi
- McCurdy Park4.64.5 mi
- Flushing County Park4.810.5 mi
- DeVries Nature Conservancy4.87.4 mi
- Showboat Park4.512.9 mi
- Briar Ridge Golf Course4.512.3 mi
- Flushing Valley Golf Club4.111.2 mi
- Genesee Valley Golf Course4.212.7 mi
- Holiday Meadows / Holiday Shores RV Resort4.55.1 mi
- Owosso Country Club4.38.5 mi
- Meijer4.410.9 mi
- Meijer4.33.9 mi
- Flushing Farms4.611.5 mi
- Dollar General47 mi
- Dollar General3.912.9 mi
- Bishop International Airport4.514.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major local park featuring river access, picnic areas, and community event spaces.
Provides opportunities for kayaking, fishing, and scenic recreation.
A collection of historic buildings showcasing the area's heritage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.