The story of this market
The typical home in ZIP 48872 sells for about $267,000, or $175 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,131 a month.
ZIP 48872 — Perry
The housing market in 48872 remains stable with moderate price appreciation and low inventory levels. Demand is driven by local families and commuters seeking affordability relative to the Lansing metro area. Some figures, such as specific permit activity and detailed insurance posture, were not determinable from current public records.
This ZIP is well-suited for family buyers and commuters seeking a more affordable, quiet residential environment within reach of the Lansing job market.
Median prices moved up 3.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 9.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48872, Shiawassee County MI
The area is served by Perry Public Schools, which generally maintains a stable reputation within the local Shiawassee County educational landscape.
The area maintains a rural-suburban character with limited large-scale commercial development, primarily serving as a residential base for commuters to the Lansing metropolitan area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents primarily commute via M-52 and I-69, providing access to the Lansing employment core within approximately 25-30 minutes.
Local amenities include proximity to Perry City Park and various small-scale community green spaces, with regional shopping and dining options accessible in nearby Lansing or Owosso.
The rental market is characterized by low inventory and modest demand, primarily consisting of single-family home rentals and small multi-family units.
The local economy is largely driven by small businesses and services, with a significant portion of the workforce commuting to major employers in the Lansing and East Lansing areas.
Parcels are subject to Perry Public Schools district taxes and Shiawassee County administrative levies.
Data retrieved from US Census Bureau ZCTA profile for 48872.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- High Caliber Karting and Entertainment4.811.3 mi
- Castaway Play Cafe4.115 mi
- Launch Family Entertainment Lansing4.611.4 mi
- Breakout Escape Rooms Lansing515.8 mi
- Challenges East Lansing Adventure Escape Rooms4.913.1 mi
- Breslin Center4.714.9 mi
- Spartan Stadium4.614.5 mi
- MSU Union4.614.3 mi
- Wharton Center for Performing Arts4.713.9 mi
- Celebration! Cinema4.519.2 mi
- High Caliber Karting and Entertainment4.811.3 mi
- Lake Lansing Park South4.610.2 mi
- City Limits East4.211.3 mi
- Lake Lansing Park North4.69.4 mi
- Launch Family Entertainment Lansing4.611.4 mi
- Impression 5 Science Center4.717.6 mi
- Michigan History Center4.718.3 mi
- Eli and Edythe Broad Art Museum4.314 mi
- Steam Railroading Institute4.515.2 mi
- R.E. Olds Transportation Museum4.817.6 mi
- Lake Lansing Park South4.610.2 mi
- Lake Lansing Park North4.69.4 mi
- Harris Nature Center4.710.2 mi
- Michigan Wildlife Conservancy-Bengel Wildlife4.511.8 mi
- Nancy Moore Park4.611.3 mi
- Hunters Ridge Golf Course4.512.5 mi
- Wheatfield Valley Golf4.58.5 mi
- Oak Lane Golf Course4.47.1 mi
- Meridian Sun Golf Club4.29.2 mi
- Pine Hills Golf Course410.6 mi
- Meridian Mall4.211.3 mi
- Meijer4.311.7 mi
- Meijer4.310.7 mi
- Kohl's4.211 mi
- Marshalls4.211 mi
- Bishop International Airport4.526.7 mi
- Capital Region International Airport4.319.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park offering recreational space and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.