How much is a home worth in ZIP code 48838?

The typical home in 48838 is worth $271,118, based on the Zillow Home Value Index.

Are home values rising in 48838?

Home values in 48838 are up 6.5% over the past year, and up 5.1% a year over five years.

What is the typical rent in 48838?

A typical home in 48838 rents for about $1,565 a month, a gross rental yield of 6.9%.

What is the property tax rate in 48838?

The effective property tax rate in 48838 is 1.0% — roughly $2,730 a year on a typical home.

ZIP code 48838 has a population of 18,212 and a median household income of $70,176.

HousingHandbookReference data

…

U.S. ZIP Code · MI48838

Montcalm County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$271,118^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.5%
5-year / yr: +5.1%
10-year / yr: +7.6%

Relative price

vs U.S.: -4.6%
vs metro: -11.6%
vs state: +13.4%

Price history

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

The typical home in 48838 is worth $271,118 — 11.6% below the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 6.5%. Homes here rent for a typical $1,565 a month — a 6.9% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,565^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,730^[3]

#Climate risk

FEMA National Risk Index ratings for Montcalm 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 High

#Who lives here

Population: 18,212^[3]
Median household income: $70,176^[3]

#Migration

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

Net migration: +127^[5]
Moved in: 1,903
Moved out: 1,776

Schools

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

Public schools: 10
Elementary: 4
Middle: 1
High: 2

Greenville Senior High School
High · Grades 8–12 · Greenville Public Schools
1,086 students
Greenville Middle School
Middle · Grades 5–8 · Greenville Public Schools
807 students
Baldwin Heights School
Elementary · Grades PK–5 · Greenville Public Schools
463 students
Lincoln Heights Elem School
Elementary · Grades PK–5 · Greenville Public Schools
450 students
Walnut Hills Elementary School
Elementary · Grades PK–5 · Greenville Public Schools
383 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 yield6.9%

Net yield (after ~40% expenses)4.2%

Annual rent$18,774

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$1,371

Loan principal$216,894

Down payment$54,224

Total interest paid$276,637

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 ratio1.17

Monthly cost to own$1,825

Monthly rent$1,565

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: 22nd percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 55th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48838?: The typical home in 48838 is worth $271,118, based on the Zillow Home Value Index.
Are home values rising in 48838?: Home values in 48838 are up 6.5% over the past year, and up 5.1% a year over five years.
What is the typical rent in 48838?: A typical home in 48838 rents for about $1,565 a month, a gross rental yield of 6.9%.
What is the property tax rate in 48838?: The effective property tax rate in 48838 is 1.0% — roughly $2,730 a year on a typical home.
Who lives in 48838?: ZIP code 48838 has a population of 18,212 and a median household income of $70,176.

#Comparable ZIPs

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

49046 vs 48838 →
Delton CDP, MI
Typical home
$270,309
Gross yield
—
49058 vs 48838 →
Hastings, MI
Typical home
$270,298
Gross yield
—
48809
Belding, MI
Typical home
$269,944
Gross yield
—
49050
Dowling CDP, MI
Typical home
$275,277
Gross yield
—
48873
Pewamo, MI
Typical home
$276,647
Gross yield
—
48897
Woodland, MI
Typical home
$264,260
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 48838 against any other ZIP — full side-by-side table.

Compare 48838 →

#Jump to section

U.S. ZIP Code · MI48838

Get more data on ZIPs like this

Get more data on ZIPs like this