The story of this market
The typical home in ZIP 48003 sells for about $366,727, or $145 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,559 a month.
ZIP 48003 — Almont
The 48003 housing market is characterized by steady demand for single-family homes and low inventory, keeping prices resilient despite broader economic headwinds. While rental data is limited, the market remains attractive to families seeking a suburban-rural lifestyle. Some figures, such as specific closed sales counts and precise monthly inventory, are not published at the ZIP level and are omitted here.
This ZIP is well-suited for family buyers seeking a rural-suburban lifestyle and commuters working in the northern Detroit metro area who prioritize space and community stability over urban density.
Median prices moved up 2.4% year over year.
Homes spend a median of 58 days on market with 3.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 4.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48003, Lapeer County MI
Crime rates in the Almont area are generally low compared to the broader Detroit-Warren-Livonia metropolitan region, with local law enforcement maintaining a stable presence.
Schools serving the 48003 ZIP code are primarily part of the Almont Community Schools district, which is generally characterized as providing a stable, community-focused educational environment.
The area faces standard Midwestern climate risks, including seasonal wind and winter storm exposure; flood risk is generally low, though localized drainage issues can occur.
Economic momentum is driven by proximity to the broader Lapeer and Macomb County industrial corridors, with steady residential development and a focus on maintaining a rural-suburban character.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Commuting from 48003 primarily involves driving via M-53 toward employment hubs in Macomb County and the northern Detroit suburbs; public transit options are not available.
The area features local community parks, nearby golf courses, and access to rural trails, with shopping and dining concentrated in the village of Almont.
The rental market is characterized by low vacancy pressure and a limited supply of multi-family units, with demand primarily for single-family home rentals.
The local economy is a mix of small-scale manufacturing, agriculture, and service-sector businesses, with many residents commuting to larger industrial employers in Macomb and Oakland Counties.
Transportation is entirely auto-dependent, relying on M-53 as the primary north-south corridor connecting the area to the Detroit metropolitan region.
Development is focused on low-density residential expansion and small-scale commercial growth within the village limits.
The Lapeer County Equalization Department oversees property assessments, ensuring compliance with Michigan's Proposal A tax limitations.
Parcels are subject to Almont Community Schools district taxes and standard county-level millages for emergency services and infrastructure.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides local recreational space and community event facilities.
A local golf facility serving the Almont and surrounding area.
The historic core featuring local businesses and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.