ZIP Code Market Report
48721 — Black River, MI
Data through February 2026 · Updated monthly
Avg Home Value
$207,786
▲ 4.2% year-over-year
Month-over-Month
+0.1%
▲ 0.1%
Single Family
$204,761
Condo / Co-op
--
The average home value in the 48721 ZIP code (Black River, MICHIGAN) is $207,786 as of February 2026. Home prices are rising, up 4.2% compared to last year.
This report is part of the Alcona County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Alcona County report.
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Market Snapshot
48721 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $210,169 | $207,641 | $207,786 | ▼ 1.1% |
| Single Family Value | $202,810 | $203,752 | $204,761 | ▲ 1.0% |
Home Values
48721 Home Value Trend
Historical home values for ZIP code 48721. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 48721
How different property types compare in this ZIP code.
All Homes
$207,786
Single Family
$204,761
Top Tier
$368,244
Data Sources and Methodology
Home value data for ZIP code 48721 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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