ZIP 48884 · Sheridan, Michigan

Population

5,091 people call ZIP 48884 home.

5,091

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 41% since the 2010–2014 survey, before inflation.

$893

a month. Michigan's median is $1,129.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$799–$1,199

is the monthly rent range local workforce wages support.

• $893 median

Supportable rent computed by the Almanac from 2021 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

74% of the housing here was built before 2000.

• 74% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.1–0.3% to the 1,888 homes here.

2–5

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2021 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 21% less than Michigan's.

$182,100

median home value in ZIP 48884.

• $182,100 ZIP 48884
• $231,600 Michigan
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year