Housing market/Michigan/ZIP 48867
ZIP 48867 Owosso, Shiawassee County, Michigan
Shiawassee County, MI · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 48867 · MI — sent to you.
ZIP 48867 · MI
ACS rent vs 2BR SAFMR
ZIP 48867 — Owosso, MI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 48867
- 1-unit detached9,78977.3%
- 1-unit attached2341.8%
- 2–4 units1,1829.3%
- 5–49 units7375.8%
- 50+ units2371.9%
- Mobile4813.8%
2–4 unit share 9.3% · 5–49 unit share 5.8% · combined 2–49 15.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $834 (all bedrooms, occupied rentals).
- Median contract rent $659.
- Renters paying ≥30% of income 47.1%; ≥50% 24.4%.
- FY2027 2BR SAFMR $1,040 (1.247× ACS median gross rent).
Population
27,399 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +0.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 444 units.
- HUD project-based assisted MF: 3 properties, 273 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 16 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 48867 26.0% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $834; population increased +0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 1,182 units in 2–4-unit structures and 737 units in 5–49-unit structures; 7 LIHTC projects totaling 444 units; FY2027 2BR SAFMR is $1,040 versus ACS median gross rent of $834. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Michigan research
ZIP 48867 is a Census / HUD profile for Shiawassee County, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 48867 — Owosso, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 48867?
ZIP 48867 (Shiawassee County, MI) has 27,399 residents, 11,278 households, a renter share of 26.0%, median household income of $58,718, and ACS 2023 median gross rent of $834. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 48867?
ACS counts 517 units in 2-unit buildings, 665 in 3–4 unit buildings, 284 in 5–9, 151 in 10–19, and 302 in 20–49. Combined 2–49 unit stock is 1,919 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 48867?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,040. See the full schedule and 90–110% payment-standard band on the ZIP 48867 — Owosso, MI HUD Section 8 Payment Standards / SAFMR.
Does this Michigan ZIP profile include Georgia listings?
No. ZIP 48867 is Census / HUD research for Shiawassee County, MI. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.