How much is a home worth in ZIP code 48507?

The typical home in 48507 is worth $106,862, based on the Zillow Home Value Index.

Are home values rising in 48507?

Home values in 48507 are up 4.8% over the past year, and up 4.8% a year over five years.

What is the typical rent in 48507?

A typical home in 48507 rents for about $968 a month, a gross rental yield of 10.9%.

What is the property tax rate in 48507?

The effective property tax rate in 48507 is 1.5% — roughly $1,556 a year on a typical home.

ZIP code 48507 has a population of 28,723 and a median household income of $46,554.

HousingHandbookReference data

…

U.S. ZIP Code · MI48507

Genesee County · Flint, MI

Typical home value

$106,862^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +4.8%
10-year / yr: +9.8%

Relative price

vs U.S.: -62.4%
vs metro: -42.8%
vs state: -55.3%

Price history

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

The typical home in 48507 is worth $106,862 — 42.8% below the Flint, MI median. Over the past year, values have risen 4.8%. Homes here rent for a typical $968 a month — a 10.9% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $968^[2]
Gross yield: 10.9%^[2]
Cap rate: 6.5%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $1,556^[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: 28,723^[3]
Median household income: $46,554^[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: 11
Elementary: 4
Middle: 1
High: 2

CarmanAinsworth Middle School
Middle · Grades 6–8 · Carman-Ainsworth Community Schools
628 students
Southwestern Classical Academy
High · Grades 9–12 · Flint School District of the City of
489 students
Elmer A Knopf Learning Center
Other · Grades K–12 · Genesee ISD
336 students
Madison Academy ElementaryMiddle School
Elementary · Grades K–8 · Madison Academy
331 students
Freeman School
Elementary · Grades PK–6 · Flint School District of the City of
252 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 yield10.9%

Net yield (after ~40% expenses)6.5%

Annual rent$11,613

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$540

Loan principal$85,489

Down payment$21,372

Total interest paid$109,037

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 ratio0.78

Monthly cost to own$759

Monthly rent$968

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: 25th percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 79th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48507?: The typical home in 48507 is worth $106,862, based on the Zillow Home Value Index.
Are home values rising in 48507?: Home values in 48507 are up 4.8% over the past year, and up 4.8% a year over five years.
What is the typical rent in 48507?: A typical home in 48507 rents for about $968 a month, a gross rental yield of 10.9%.
What is the property tax rate in 48507?: The effective property tax rate in 48507 is 1.5% — roughly $1,556 a year on a typical home.
Who lives in 48507?: ZIP code 48507 has a population of 28,723 and a median household income of $46,554.

#Comparable ZIPs

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

48458 vs 48507 →
Beecher CDP, MI
Typical home
$115,468
Gross yield
—
48529 vs 48507 →
Burton, MI
Typical home
$92,980
Gross yield
11.3%
48506
Flint, MI
Typical home
$85,491
Gross yield
13.2%
48503
Flint, MI
Typical home
$69,567
Gross yield
17.1%
48437
MI
Typical home
$152,778
Gross yield
—
48504
Flint, MI
Typical home
$48,324
Gross yield
26.0%

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Pit ZIP 48507 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48507

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