Area data
Elwell, MI — ZIP 48832
Population: 1,307 (Census ACS)
The median home value in ZIP 48832 (Elwell, MI) is $207,425 — up 13.4% over the past year. Homes sell for a median $118,000 after a median 121 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).
$207,425
Median home value
+13.4%
1-year change
121
Median days on market
Relatively Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $207,425
- 1-year appreciation
- +13.4%
- 3-year appreciation
- +14.9%
- 5-year appreciation
- +29.3%
- 10-year appreciation
- +94.0%
- All-time peak (2026-06)
- $207,848
- 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
- $118,000
- Median list price
- $172,500
- Median price per sqft
- $92
- 1-year sale-price change
- -9.2%
- Median days on market
- 121 days
- Homes sold (recent period)
- 3
- Sale-to-list ratio
- 96.4%
- Active listings
- 4
- 1-year forecast
- 0.0%
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 Golf Course (7.7 mi)
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
- 50.0°F
- Average high
- 59.0°F
- Average low
- 41.0°F
- Annual precipitation
- 34.6 in
- Annual snowfall
- 40.0 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
- 2.5 / 20
- Transit service frequency
- -99,999
- Jobs reachable by car (30 min)
- 3,312
- Jobs reachable by transit (45 min)
- 3,320
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 23
- Nearest airport
- Hamp Airport (2 mi)
- Hospitals nearby (~15 mi)
- 4
- Hospitals include
- MYMICHIGAN MEDICAL CENTER ALMA, MCLAREN CENTRAL MICHIGAN, UNIVERSITY OF MICHIGAN HEALTH-SPARROW CARSON
- Avg hospital rating (CMS)
- 3.7 / 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
- 1,974
- Housing built before 1970
- 46.6%
- Housing built 2000 or later
- 11.6%
- Median annual property tax
- $1,533
- Mean commute to work
- 21 min
- Households with broadband internet
- 45.5%
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 48832 | State median | US median | |
|---|---|---|---|
| Median home value | $207,425 | $246,351 | $289,727 |
| Median sale price | $118,000 | $265,000 | $325,000 |
| Median days on market | 121 days | 36 days | 51 days |
| Median annual property tax | $1,533 | $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 48832?
- $207,425.
- What is the median sale price in ZIP 48832?
- $118,000.
- How long do homes take to sell in ZIP 48832?
- Median days on market: 121 days.
- What is typical rent in ZIP 48832?
- 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 48832?
- Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strongWind, winterWeather, coldWave, tornado.
- Is ZIP 48832 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 48832?
- 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 48832?
- Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 48832?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- Is ZIP 48832 walkable?
- Walkability index: 2.5/20 (EPA Smart Location Database).
- What is the cost of living in ZIP 48832?
- Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →