How much is a home worth in ZIP code 48503?

The typical home in 48503 is worth $69,567, based on the Zillow Home Value Index.

Are home values rising in 48503?

Home values in 48503 are up 3.6% over the past year, and up 4.6% a year over five years.

What is the typical rent in 48503?

A typical home in 48503 rents for about $991 a month, a gross rental yield of 17.1%.

What is the property tax rate in 48503?

The effective property tax rate in 48503 is 1.6% — roughly $1,102 a year on a typical home.

ZIP code 48503 has a population of 22,347 and a median household income of $44,411.

HousingHandbookReference data

…

U.S. ZIP Code · MI48503

Genesee County · Flint, MI

Typical home value

$69,567^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +4.6%
10-year / yr: +10.2%

Relative price

vs U.S.: -75.5%
vs metro: -62.8%
vs state: -70.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48503 is worth $69,567 — 62.8% below the Flint, MI median. Over the past year, values have risen 3.6%. Homes here rent for a typical $991 a month — a 17.1% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $991^[2]
Gross yield: 17.1%^[2]
Cap rate: 10.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.6%^[3]
Typical annual tax: $1,102^[3]

#Climate risk

FEMA National Risk Index ratings for Genesee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 22,347^[3]
Median household income: $44,411^[3]

#Migration

Household moves in and out of Genesee County over a year, from IRS tax-return data.

Net migration: +14^[5]
Moved in: 7,983
Moved out: 7,969

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 12
Elementary: 3
Middle: 0
High: 4

International Academy of Flint K12
Other · Grades K–12 · International Academy of Flint
859 students
Flint Cultural Center Academy
Other · Grades PK–12 · Flint Cultural Center Academy
624 students
Mott Middle College High School
High · Grades 9–12 · Carman-Ainsworth Community Schools
338 students
DoyleRyder School
Elementary · Grades PK–6 · Flint School District of the City of
245 students
Eisenhower School
Elementary · Grades PK–6 · Flint School District of the City of
196 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield17.1%

Net yield (after ~40% expenses)10.3%

Annual rent$11,896

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$352

Loan principal$55,654

Down payment$13,913

Total interest paid$70,983

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.51

Monthly cost to own$501

Monthly rent$991

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 15th percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48503?: The typical home in 48503 is worth $69,567, based on the Zillow Home Value Index.
Are home values rising in 48503?: Home values in 48503 are up 3.6% over the past year, and up 4.6% a year over five years.
What is the typical rent in 48503?: A typical home in 48503 rents for about $991 a month, a gross rental yield of 17.1%.
What is the property tax rate in 48503?: The effective property tax rate in 48503 is 1.6% — roughly $1,102 a year on a typical home.
Who lives in 48503?: ZIP code 48503 has a population of 22,347 and a median household income of $44,411.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

48506 vs 48503 →
Flint, MI
Typical home
$85,491
Gross yield
13.2%
48504 vs 48503 →
Flint, MI
Typical home
$48,324
Gross yield
26.0%
48529
Burton, MI
Typical home
$92,980
Gross yield
11.3%
48505
Flint, MI
Typical home
$34,277
Gross yield
—
48507
Flint, MI
Typical home
$106,862
Gross yield
10.9%
48458
Beecher CDP, MI
Typical home
$115,468
Gross yield
—

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Pit ZIP 48503 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48503

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