How much is a home worth in ZIP code 48820?

The typical home in 48820 is worth $363,987, based on the Zillow Home Value Index.

Are home values rising in 48820?

Home values in 48820 are up 2.1% over the past year, and up 5.1% a year over five years.

What is the typical rent in 48820?

A typical home in 48820 rents for about $2,133 a month, a gross rental yield of 7.0%.

What is the property tax rate in 48820?

The effective property tax rate in 48820 is 1.3% — roughly $4,705 a year on a typical home.

ZIP code 48820 has a population of 18,357 and a median household income of $112,526.

HousingHandbookReference data

…

U.S. ZIP Code · MI48820

Clinton County · Lansing-East Lansing, MI

Typical home value

$363,987^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +5.1%
10-year / yr: +6.0%

Relative price

vs U.S.: +28.1%
vs metro: +40.3%
vs state: +52.2%

Price history

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

The typical home in 48820 is worth $363,987 — 40.3% above the Lansing-East Lansing, MI median. Over the past year, values have risen 2.1%. Homes here rent for a typical $2,133 a month — a 7.0% 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: $2,133^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $4,705^[3]

#Climate risk

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

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

#Who lives here

Population: 18,357^[3]
Median household income: $112,526^[3]

#Migration

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

Net migration: -62^[5]
Moved in: 2,610
Moved out: 2,672

Schools

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

Public schools: 5
Elementary: 3
Middle: 1
High: 1

DeWitt High School
High · Grades 9–12 · DeWitt Public Schools
962 students
DeWitt Middle School
Middle · Grades 6–8 · DeWitt Public Schools
736 students
Schavey Road Elementary School
Elementary · Grades PK–1 · DeWitt Public Schools
496 students
Herbison Woods Elementary School
Elementary · Grades 4–5 · DeWitt Public Schools
479 students
David Scott Elementary School
Elementary · Grades 2–3 · DeWitt Public Schools
456 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$25,599

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$1,841

Loan principal$291,190

Down payment$72,797

Total interest paid$371,397

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 ratio1.19

Monthly cost to own$2,535

Monthly rent$2,133

Renting 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: 64th percentile^[1]
Rental yield: 58th percentile^[2]
Property tax: 47th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48820?: The typical home in 48820 is worth $363,987, based on the Zillow Home Value Index.
Are home values rising in 48820?: Home values in 48820 are up 2.1% over the past year, and up 5.1% a year over five years.
What is the typical rent in 48820?: A typical home in 48820 rents for about $2,133 a month, a gross rental yield of 7.0%.
What is the property tax rate in 48820?: The effective property tax rate in 48820 is 1.3% — roughly $4,705 a year on a typical home.
Who lives in 48820?: ZIP code 48820 has a population of 18,357 and a median household income of $112,526.

#Comparable ZIPs

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

48894 vs 48820 →
Westphalia, MI
Typical home
$340,734
Gross yield
—
48864 vs 48820 →
Okemos CDP, MI
Typical home
$396,212
Gross yield
5.6%
48895
Williamston, MI
Typical home
$328,400
Gross yield
—
48808
Bath CDP, MI
Typical home
$326,252
Gross yield
—
48823
East Lansing, MI
Typical home
$325,392
Gross yield
4.1%
48822
Wacousta CDP, MI
Typical home
$321,274
Gross yield
—

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Pit ZIP 48820 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48820

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