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Sarah Mitchell
Compass Real Estate · ZIP 48506
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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48506 ZIP Code Housing Market
$100,000median sale price
What is the 48506 housing market like right now?
The median home sale price in ZIP code 48506 is $100,000, up 3.1% year-over-year. Homes sell in an average of 33 days with 70 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 48506 ZIP code a buyer's or seller's market?
ZIP code 48506 is currently a balanced market and homes selling in about 33 days. How we determine this →
What are the latest 48506 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $100,000 |
| Median list price | $110,000 |
| Year-over-year price change | +3.1% |
| Average days on market | 33 days |
| Active inventory | 70 listings |
| Sale-to-list price ratio | 96.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48506 zip code, located in Beecher, MI, is currently classified as a balanced market. The median sale price stands at $100,000, representing a +3.1% change year over year. Homes in this area spend an average of 33 days on the market before going under contract. There are currently 70 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48506 sits in the Beecher, MI area, roughly 4.3 miles from downtown Beecher. Because home prices are set street by street, this ZIP can move differently from Beecher's citywide averages. The figures below reflect 48506 specifically — drawn from Redfin transactions, U.S. Census data for its 24,712 residents, and Zillow value estimates.
Homes sold
73
Last 12 weeks
Days on market
33
Average pace
Active listings
70
Sale-to-list
96.9%
Below asking
What is driving the 48506 housing market?
The 48506 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 96.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48506 have increased +3.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 48506 stands at $89,374, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48506?
Population
24,712
Median income
$47,929/yr
Median age
38.2 years
Owner-occupied
68.6%
College grads
9.8%
Avg commute
23.87 min
What is it like living in 48506?
Zip code 48506 is home to approximately 24,712 residents. The median household income is $47,929 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 68.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 9.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.87 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48506.
Which public schools serve ZIP 48506?
8 schools tracked · 3,201 students
The largest public schools serving ZIP code 48506 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Kearsley High School
Grades 9-12 · 846 students
Armstrong Middle School
Grades 6-8 · 673 students
Leota Fiedler Elementary School
Grades 4-6 · 425 students
Kate Dowdall Elementary School
Grades K-5 · 391 students
Richfield Public School Academy
Grades 3-8 · 389 students
Richfield Public School Academy Early Learning Center PK2
Grades PK-2 · 215 students
Potter School
Grades PK-6 · 185 students
Kearsley Virtual Academy
Grades 9-12 · 77 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 48506
What is the median home price in 48506?
The current median sale price in 48506 is $100,000, based on recent Redfin transaction data. Prices have changed +3.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48506 a buyer's or seller's market?
The 48506 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 48506?
Zip code 48506 has a population of approximately 24,712 residents. The median household income is $47,929 per year. About 68.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48506?
Properties Incorporated provides comprehensive data for 48506 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48506 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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