Skip to main content

Area data

Wheeler, MI — ZIP 48662

Population: 1,185 (Census ACS)

The median home value in ZIP 48662 (Wheeler, MI) is $195,428 — up 2.1% over the past year. Homes sell for a median $200,000 after a median 618 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strongwind, winterweather, coldwave the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$195,428

Median home value

+2.1%

1-year change

618

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$195,428
1-year appreciation
+2.1%
3-year appreciation
-1.0%
5-year appreciation
+6.2%
10-year appreciation
+47.9%
All-time peak (2026-04)
$199,239
House Price Index (state)
387.5 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$200,000
Median price per sqft
$160
1-year sale-price change
+128.6%
Median days on market
618 days
Homes sold (recent period)
1
Sale-to-list ratio
87.0%
1-year forecast
+0.2%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$823/mo
1BR fair-market rent
$1,029/mo
2BR fair-market rent
$1,261/mo
3BR fair-market rent
$1,639/mo
4BR fair-market rent
$1,891/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strongWind, winterWeather, coldWave, tornado
Notable hazard ratings (county)
coldWave: Relatively Moderate · hail: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Low · lightning: Relatively Low · strongWind: Relatively High
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 3% of US counties
Buildings in wildfire direct-exposure zone
39.0%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Gratiot County Landfill (9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
51.0°F
Average high
59.0°F
Average low
42.0°F
Annual precipitation
34.8 in
Annual snowfall
37.3 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
4.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
5,623
Jobs reachable by transit (45 min)
5,844

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
24
Nearest airport
Earl's Spray Services Airport (6 mi)
Nearest major airport
MBS International Airport (MBS) (19 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
MYMICHIGAN MEDICAL CENTER ALMA, MCLAREN CENTRAL MICHIGAN
Avg hospital rating (CMS)
3.5 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-7 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,968
Housing built before 1970
50.7%
Housing built 2000 or later
11.3%
Median annual property tax
$1,947
Mean commute to work
26 min
Households with broadband internet
37.9%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
10,269
Average weekly wage
$1,006
Top industries (by employment)
Wholesale Trade, Accommodation & Food, Administrative Services
Annual residential building permits (county)
2

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 48662State medianUS median
Median home value$195,428$246,351$289,727
Median sale price$200,000$265,000$325,000
Median days on market618 days36 days51 days
Median annual property tax$1,947$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 48662?
$195,428.
What is the median sale price in ZIP 48662?
$200,000.
How long do homes take to sell in ZIP 48662?
Median days on market: 618 days.
What is typical rent in ZIP 48662?
2-bedroom fair-market rent: $1,261/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 48662?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strongWind, winterWeather, coldWave, tornado.
Is ZIP 48662 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 48662?
Risk to homes is higher than 3% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 48662?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 48662?
No current or proposed National Priorities List sites within 5 miles (EPA).
Is ZIP 48662 walkable?
Walkability index: 4.2/20 (EPA Smart Location Database).
What is the cost of living in ZIP 48662?
Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in Wheeler, MI?

REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.

Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents