The story of this market
The typical home in ZIP 48857 sells for about $235,000, or $148 per square foot.
Prices are up +4.5% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,519 a month.
ZIP 48857 — Morrice
The housing market in 48857 remains stable with low inventory and steady demand, typical for this rural-suburban area. Prices have seen modest year-over-year growth, driven by limited supply rather than rapid development. Buyers are primarily local families looking for long-term housing, keeping the market balanced.
This ZIP is best suited for families and individuals seeking a quiet, rural-suburban lifestyle with affordability. It appeals to those who work in nearby cities but prefer a lower cost of living and a small-town atmosphere.
Median prices moved up 4.5% year over year.
Homes spend a median of 42 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 5.7% · poverty 14.4% — 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 8.3%/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 7.1%/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 48857, Shiawassee County MI
Crime rates in the area are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered relatively safe compared to larger urban centers in Michigan.
Schools serving the area are part of the Morrice Area Schools district, which generally maintains moderate performance ratings. The district is small, offering a community-focused educational environment.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather. Flood risk is generally low, though localized drainage issues can occur in low-lying areas.
Economic momentum is steady, driven by proximity to larger employment hubs like Lansing and Flint. Development is primarily residential, with limited commercial expansion currently underway.
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.
Commuters primarily rely on personal vehicles to access employment centers in Lansing or Flint via M-21 and I-69. Public transit options are extremely limited, making the area car-dependent.
Local recreation includes access to small community parks and nearby rural trails. Shopping and dining options are limited within the ZIP, requiring travel to neighboring towns like Perry or Owosso.
The rental market is characterized by low inventory and high demand for single-family rentals. Vacancy rates are low, and there is minimal presence of short-term rental platforms.
The local economy is largely supported by agriculture, small-scale manufacturing, and service-sector jobs. Many residents commute to larger regional employers in the automotive and healthcare sectors.
Transportation is dominated by highway access via M-21, connecting the area to the broader regional road network. There is no significant public transit infrastructure.
Development is currently focused on small-scale residential infill rather than large-scale commercial or infrastructure projects.
The Shiawassee County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district taxes and county-wide millages for services like emergency management and library systems.
Property insurance premiums are generally stable, though homeowners should account for standard coverage against wind and storm damage common in the region.
Data retrieved from data.census.gov ZCTA 48857 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.
- High Caliber Karting and Entertainment4.815.6 mi
- Castaway Play Cafe4.117 mi
- Launch Family Entertainment Lansing4.615.7 mi
- Breakout Escape Rooms Lansing519.7 mi
- Challenges East Lansing Adventure Escape Rooms4.916.8 mi
- Breslin Center4.718.9 mi
- Spartan Stadium4.618.5 mi
- MSU Union4.618.2 mi
- Wharton Center for Performing Arts4.718 mi
- High Caliber Karting and Entertainment4.815.6 mi
- Steam Railroading Institute4.510.6 mi
- McCurdy Park4.69.9 mi
- Durand Union Station Inc4.89.9 mi
- Owosso Curwood Castle4.611 mi
- NCG Cinema - Owosso4.410.7 mi
- Eli and Edythe Broad Art Museum4.318 mi
- Steam Railroading Institute4.510.6 mi
- Owosso Curwood Castle4.611 mi
- MSU Museum4.418.3 mi
- Durand Union Station Inc4.89.9 mi
- McCurdy Park4.69.9 mi
- McCormick Park4.712.2 mi
- Curwood Castle Park4.710.9 mi
- Shiatown Park4.57.4 mi
- Geeck Rd. County Park4.66.3 mi
- Hunters Ridge Golf Course4.512.5 mi
- Oak Lane Golf Course4.411.4 mi
- Pine Hills Golf Course410.1 mi
- Willow Brook Golf Course & Restaurant4.310.5 mi
- Glenbrier Golf Course4.35.9 mi
- Meijer4.311.3 mi
- Dollar General410.8 mi
- Dollar General412.2 mi
- Reliable Aftermarket Parts Inc4.212.6 mi
- Dollar General4.13.7 mi
- Bishop International Airport4.522.3 mi
- Capital Region International Airport4.322.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and playground facilities for residents.
Offers opportunities for fishing and non-motorized boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.