How much is a home worth in ZIP code 48506?

The typical home in 48506 is worth $85,491, based on the Zillow Home Value Index.

Are home values rising in 48506?

Home values in 48506 are up 2.4% over the past year, and up 4.6% a year over five years.

What is the typical rent in 48506?

A typical home in 48506 rents for about $942 a month, a gross rental yield of 13.2%.

What is the property tax rate in 48506?

The effective property tax rate in 48506 is 1.3% — roughly $1,150 a year on a typical home.

ZIP code 48506 has a population of 24,712 and a median household income of $47,929.

HousingHandbookReference data

…

U.S. ZIP Code · MI48506

Genesee County · Flint, MI

Typical home value

$85,491^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +4.6%
10-year / yr: +8.8%

Relative price

vs U.S.: -69.9%
vs metro: -54.2%
vs state: -64.2%

Price history

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

The typical home in 48506 is worth $85,491 — 54.2% below the Flint, MI median. Over the past year, values have risen 2.4%. Homes here rent for a typical $942 a month — a 13.2% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $942^[2]
Gross yield: 13.2%^[2]
Cap rate: 7.9%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $1,150^[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: 24,712^[3]
Median household income: $47,929^[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: 8
Elementary: 3
Middle: 3
High: 2

Kearsley High School
High · Grades 9–12 · Kearsley Community School District
846 students
Armstrong Middle School
Middle · Grades 6–8 · Kearsley Community School District
673 students
Leota Fiedler Elementary School
Middle · Grades 4–6 · Kearsley Community School District
425 students
Kate Dowdall Elementary School
Elementary · Grades K–5 · Kearsley Community School District
391 students
Richfield Public School Academy
Middle · Grades 3–8 · Richfield Public School Academy
389 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 yield13.2%

Net yield (after ~40% expenses)7.9%

Annual rent$11,300

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$432

Loan principal$68,393

Down payment$17,098

Total interest paid$87,231

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 ratio0.64

Monthly cost to own$600

Monthly rent$942

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: 20th percentile^[1]
Rental yield: 78th percentile^[2]
Property tax: 68th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48506?: The typical home in 48506 is worth $85,491, based on the Zillow Home Value Index.
Are home values rising in 48506?: Home values in 48506 are up 2.4% over the past year, and up 4.6% a year over five years.
What is the typical rent in 48506?: A typical home in 48506 rents for about $942 a month, a gross rental yield of 13.2%.
What is the property tax rate in 48506?: The effective property tax rate in 48506 is 1.3% — roughly $1,150 a year on a typical home.
Who lives in 48506?: ZIP code 48506 has a population of 24,712 and a median household income of $47,929.

#Comparable ZIPs

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

48529 vs 48506 →
Burton, MI
Typical home
$92,980
Gross yield
11.3%
48503 vs 48506 →
Flint, MI
Typical home
$69,567
Gross yield
17.1%
48507
Flint, MI
Typical home
$106,862
Gross yield
10.9%
48458
Beecher CDP, MI
Typical home
$115,468
Gross yield
—
48504
Flint, MI
Typical home
$48,324
Gross yield
26.0%
48505
Flint, MI
Typical home
$34,277
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48506

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