48662
Wheeler, Michigan.
Wheeler, Gratiot County, MI · Alma, MI metro · population 1,185
to buy the typical home at today's mortgage rate — +$482 (+96%) since Jan 2020.
- 1 year
- Up $4,241 +2%
- $182,644$186,885 since Sep 2025
- 5 years
- Up $5,180 +3%
- $181,705$186,885 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.
- 48662$981
- United States$1,922
Typical home values in zip 48662 rose 2.3% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Gratiot County, MI 78% · Midland County, MI 22%
Zillow also publishes an index for the city itself: Wheeler, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48662
Mid-tier homes, smoothed and seasonally adjusted.
- 48662$186,885
- 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 |
|---|---|---|---|---|---|
| 3.6 | 48615 | Breckenridge | 3,061 | — | $178,892 |
| 3.8 | 48637 | Merrill | 3,024 | — | $204,383 |
| 9.0 | 48880 | Saint Louis | 9,994 | — | $167,609 |
| 9.3 | 48626 | Hemlock | 5,766 | — | $252,099 |
| 11.8 | 48614 | Brant | 943 | — | $216,121 |
| 12.4 | 48847 | Ithaca | 5,663 | — | $196,048 |
| 13.1 | 48640 | Midland | 32,492 | $1,355 | $247,709 |
| 13.5 | 48801 | Alma | 13,278 | — | $164,806 |
| 14.8 | 48655 | Saint Charles | 5,760 | — | $204,887 |
| 15.6 | 48806 | Ashley | 1,752 | — | $192,976 |
| 16.0 | 48623 | Freeland | 15,129 | — | $301,166 |
| 16.2 | 48609 | Saginaw | 11,966 | — | $218,380 |
| 16.2 | 48883 | Shepherd | 7,292 | — | $224,733 |
| 17.2 | 48807 | Bannister | 658 | — | $183,319 |
| 18.5 | 48832 | Elwell | 1,307 | — | $200,597 |
| 19.5 | 48603 | Saginaw | 27,757 | $1,132 | $231,896 |
| 19.5 | 48649 | Oakley | 1,699 | — | $193,520 |
| 19.6 | 48638 | Saginaw | 12,875 | — | $202,733 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.