The story of this market
The typical home in ZIP 48875 sells for about $122,497, or $149 per square foot.
Prices are up +14.6% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 48875 — Portland
The housing market in 48875 is showing signs of steady growth with a 14.6% year-over-year increase in median prices. Inventory remains tight, which is driving competitive conditions for buyers. Some figures, such as specific property tax rates and detailed permit data, were not available at the ZIP level and have been omitted.
This ZIP is well-suited for families and commuters seeking a small-town atmosphere with manageable access to the Lansing job market and affordable housing options.
Median prices moved up 14.6% year over year.
Homes spend a median of 54 days on market with 1.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.5% — 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 5.8%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48875
The area is served by Portland Public Schools, which generally maintain a stable reputation within the regional educational landscape.
The region is subject to standard Midwestern climate risks, including seasonal severe storms and winter weather; flood risk is localized to specific low-lying areas near the Grand River.
Economic momentum is driven by proximity to the Lansing metropolitan area, with local development focused on residential expansion and small-scale commercial 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 via I-96, providing direct access to the Lansing employment core in approximately 25-30 minutes.
The area features access to the Grand River for water activities, local community parks, and proximity to regional golf courses and trail systems.
The rental market is characterized by limited inventory and steady demand from local workers and families, with moderate vacancy pressure.
The local economy is supported by a mix of manufacturing, agriculture, and service-sector jobs, with significant employment influence from the nearby Lansing capital region.
Development is primarily focused on residential infill and small-scale commercial expansion along the I-96 corridor.
Parcels are subject to standard school district and county-level millages, with no major MUD/PID districts reported.
Property insurance premiums are consistent with regional Michigan averages, reflecting moderate risk for wind and winter-related damage.
Data retrieved from Census Bureau 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. Source: NCES EDGE public school locations 2023-24.
A scenic trail system following the Grand River.
A major local park featuring sports fields and river access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.