48721
Black River, Michigan.
Black River, Alcona County, MI · population 406
to buy the typical home at today's mortgage rate — +$440 (+64%) since Jan 2020.
- 1 year
- Up $14,141 +7%
- $200,688$214,828 since Sep 2025
- 5 years
- Up $26,541 +14%
- $188,287$214,828 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 48721$1,128
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in zip 48721 rose 7.0% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Black River, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48721
Mid-tier homes, smoothed and seasonally adjusted.
- 48721$214,828
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.9 | 48762 | Spruce | 930 | — | $220,386 |
| 7.6 | 48742 | Lincoln | 1,805 | — | $184,779 |
| 8.7 | 49766 | Ossineke | 2,565 | — | $208,736 |
| 10.1 | 48740 | Harrisville | 2,505 | — | $220,413 |
| 15.0 | 49747 | Hubbard Lake | 2,177 | — | $242,514 |
| 17.1 | 48705 | Barton City | 521 | — | $159,968 |
| 17.3 | 48745 | Mikado | 1,277 | — | $165,178 |
| 17.6 | 48738 | Greenbush | 1,129 | — | $248,620 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.