48832
Elwell, Michigan.
Elwell, Gratiot County, MI · Alma, MI metro · population 1,307
to buy the typical home at today's mortgage rate — +$580 (+123%) since Jan 2020.
- 1 year
- Up $17,920 +10%
- $182,677$200,597 since Sep 2025
- 5 years
- Up $40,705 +25%
- $159,892$200,597 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.
- 48832$1,053
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in zip 48832 rose 9.8% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Elwell, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48832
Mid-tier homes, smoothed and seasonally adjusted.
- 48832$200,597
- Alma$180,220
- 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 |
|---|---|---|---|---|---|
| 3.4 | 48877 | Riverdale | 1,962 | — | $191,223 |
| 5.6 | 48801 | Alma | 13,278 | — | $164,806 |
| 7.0 | 48891 | Vestaburg | 2,915 | — | $210,878 |
| 8.4 | 48889 | Sumner | 1,528 | — | $207,932 |
| 10.6 | 48883 | Shepherd | 7,292 | — | $224,733 |
| 10.8 | 48880 | Saint Louis | 9,994 | — | $167,609 |
| 11.1 | 48818 | Crystal | 2,554 | — | $214,868 |
| 12.2 | 48829 | Edmore | 3,652 | — | $202,385 |
| 14.0 | 48847 | Ithaca | 5,663 | — | $196,048 |
| 14.0 | 48858 | Mount Pleasant | 42,226 | $1,123 | $226,651 |
| 14.8 | 48856 | Middleton | 966 | — | $157,476 |
| 15.3 | 48615 | Breckenridge | 3,061 | — | $178,892 |
| 15.6 | 49310 | Blanchard | 3,183 | — | $226,336 |
| 16.4 | 48811 | Carson City | 7,440 | — | $208,954 |
| 17.5 | 48888 | Stanton | 5,813 | — | $229,092 |
| 18.5 | 48871 | Perrinton | 2,103 | — | $284,210 |
| 18.5 | 48662 | Wheeler | 1,185 | — | $186,885 |
| 19.2 | 48886 | Six Lakes | 1,565 | — | $194,985 |
| 19.4 | 48884 | Sheridan | 5,091 | — | $224,134 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.