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Compass Real Estate · ZIP 48609
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48609 ZIP Code Housing Market
$209,000median sale price
What is the 48609 housing market like right now?
The median home sale price in ZIP code 48609 is $209,000, up 18.1% year-over-year. Homes sell in an average of 9 days with 22 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 48609 ZIP code a buyer's or seller's market?
ZIP code 48609 is currently a balanced market and homes selling in about 9 days. How we determine this →
What are the latest 48609 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $209,000 |
| Median list price | $199,900 |
| Year-over-year price change | +18.1% |
| Average days on market | 9 days |
| Active inventory | 22 listings |
| Sale-to-list price ratio | 99.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48609 zip code, located in Shields, MI, is currently classified as a balanced market. The median sale price stands at $209,000, representing a +18.1% change year over year. Homes in this area spend an average of 9 days on the market before going under contract. There are currently 22 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48609 sits in the Shields, MI area, roughly 2.3 miles from downtown Shields. Because home prices are set street by street, this ZIP can move differently from Shields's citywide averages. The figures below reflect 48609 specifically — drawn from Redfin transactions, U.S. Census data for its 11,966 residents, and Zillow value estimates.
Homes sold
53
Last 12 weeks
Days on market
9
Fast-moving
Active listings
22
Sale-to-list
99.9%
Below asking
What is driving the 48609 housing market?
The 48609 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 99.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48609 have increased +18.1% 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 48609 stands at $222,976, 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 48609?
Population
11,966
Median income
$78,218/yr
Median age
49 years
Owner-occupied
86.3%
College grads
26.5%
Avg commute
19.94 min
What is it like living in 48609?
Zip code 48609 is home to approximately 11,966 residents. The median household income is $78,218 per year, which shapes the types of homes and amenities available in the area. With a median age of 49 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 86.3% 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 26.5% 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 19.94 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 48609.
Which public schools serve ZIP 48609?
6 schools tracked · 1,780 students
The largest public schools serving ZIP code 48609 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.
Swan Valley High School
Grades 9-12 · 519 students
Shields Elementary School
Grades PK-5 · 437 students
Robert B Havens Elem School
Grades PK-5 · 391 students
Swan Valley Middle School
Grades 6-8 · 386 students
Swan Valley Adult and Alternative Education
Grades 9-12 · 29 students
Michael J McGivney
Grades K-12 · 18 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 48609
What is the median home price in 48609?
The current median sale price in 48609 is $209,000, based on recent Redfin transaction data. Prices have changed +18.1% 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 48609 a buyer's or seller's market?
The 48609 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 48609?
Zip code 48609 has a population of approximately 11,966 residents. The median household income is $78,218 per year. About 86.3% 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 48609?
Properties Incorporated provides comprehensive data for 48609 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 48609 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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