48762
Spruce, Michigan.
Spruce, Alcona County, MI · population 930
to buy the typical home at today's mortgage rate — +$630 (+119%) since Jan 2020.
- 1 year
- Up $20,461 +10%
- $199,925$220,386 since Sep 2025
- 5 years
- Up $58,101 +36%
- $162,284$220,386 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.
- 48762$1,157
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in zip 48762 rose 10.2% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Alcona County, MI 88% · Alpena County, MI 12%
Zillow also publishes an index for the city itself: Spruce, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48762
Mid-tier homes, smoothed and seasonally adjusted.
- 48762$220,386
- 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 |
|---|---|---|---|---|---|
| 6.4 | 48742 | Lincoln | 1,805 | — | $184,779 |
| 6.9 | 48721 | Black River | 406 | — | $214,828 |
| 7.1 | 49766 | Ossineke | 2,565 | — | $208,736 |
| 8.3 | 49747 | Hubbard Lake | 2,177 | — | $242,514 |
| 11.5 | 48740 | Harrisville | 2,505 | — | $220,413 |
| 11.6 | 48705 | Barton City | 521 | — | $159,968 |
| 16.4 | 48745 | Mikado | 1,277 | — | $165,178 |
| 17.0 | 48728 | Curran | 328 | — | $175,130 |
| 19.2 | 48738 | Greenbush | 1,129 | — | $248,620 |
| 19.8 | 49707 | Alpena | 21,881 | — | $191,728 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.