USA.com / Michigan / Oakland County / Troy, MI / 48083 / Housing

48083 Zip Code Housing

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As of 2010-2014, median price of a house in 48083 Zip Code is $165,000, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The 48083 Zip Code median house value has shrunk by 2.31% since 2000. The growth rate for the price of a house in 48083 Zip Code is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in 48083 Zip Code was built is 1975, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 5,685 Owner Occupied Houses in 48083 Zip Code, see rank

48083 Zip Code	165,000 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

48083 Zip Code		-2.31%
Michigan		3.98%
U.S.		46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	48083 Zip Code	Michigan	U.S.
Total Housing Units	9,560, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	9,119, 95.39%, see rank	84.45%	87.55%
Owner Occupied	5,685, 59.47%, see rank	60.41%	56.34%
Renter Occupied	3,434, 35.92%, see rank	24.04%	31.21%
Vacant Housing Units	441, 4.61%, see rank	15.55%	12.45%
For Rent	130, 1.36%, see rank	1.84%	2.34%
For Sale Only	18, 0.19%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	58, 0.61%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	138, 1.44%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	97, 1.01%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #333

48083 Zip Code	Michigan	U.S.
1975	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	48083 Zip Code	%	Michigan	U.S.
Owner-Occupied Units	5,685	100%	2,738,012	74,787,460
With a Mortgage	4,104	72.19%, see rank	63.63%	65.58%
Without a Mortgage	1,581	27.81%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

48083 Zip Code	1,537 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	48083 Zip Code	%	Michigan	U.S.
$299 or Less	16	0.39%, see rank	0.19%	0.20%
$300 to $499	59	1.44%, see rank	1.88%	1.59%
$500 to $699	107	2.61%, see rank	6.65%	5.01%
$700 to $999	298	7.26%, see rank	19.56%	14.32%
$1,000 to $1,499	1,433	34.92%, see rank	34.69%	27.90%
$1,500 to $1,999	1,363	33.21%, see rank	20.06%	20.35%
$2,000 to $2,999	579	14.11%, see rank	12.84%	19.52%
$3,000 or More	249	6.07%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

48083 Zip Code	21.50% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	48083 Zip Code	%	Michigan	U.S.
10% or Less	381	9.28%, see rank	5.90%	5.86%
10% to 20%	1,464	35.67%, see rank	35.28%	31.95%
20% to 30%	1,166	28.41%, see rank	27.51%	27.64%
30% to 40%	537	13.08%, see rank	12.63%	13.74%
40% or More	542	13.21%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

48083 Zip Code	537 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	48083 Zip Code	%	Michigan	U.S.
$199 or Less	23	1.45%, see rank	4.74%	7.76%
$200 to $299	85	5.38%, see rank	12.46%	14.70%
$300 to $499	540	34.16%, see rank	40.41%	34.63%
$500 to $699	689	43.58%, see rank	25.95%	21.16%
$700 or More	244	15.43%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

48083 Zip Code	11.80% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	48083 Zip Code	%	Michigan	U.S.
10% or Less	646	40.86%, see rank	35.33%	40.19%
10% to 20%	426	26.94%, see rank	33.76%	31.47%
20% to 30%	260	16.45%, see rank	13.39%	12.24%
30% to 40%	79	5.00%, see rank	6.18%	5.64%
40% or More	93	5.88%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	48083 Zip Code	Michigan	U.S.
Total Housing Units	9,560, 100%	4,532,719	132,741,033
1-unit, Detached	6,170, 64.54%, see rank	71.97%	61.65%
1-unit, Attached	297, 3.11%, see rank	4.66%	5.82%
2 Units	81, 0.85%, see rank	2.58%	3.75%
3 or 4 Units	176, 1.84%, see rank	2.56%	4.43%
5 to 9 Units	1,317, 13.78%, see rank	4.20%	4.78%
10 or More Units	1,244, 13.01%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	275, 2.88%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	48083 Zip Code	Michigan	U.S.
Total Housing Units	9,560, 100%	4,532,719	132,741,033
1 Room	85, 0.89%, see rank	1.24%	1.95%
2 Rooms	500, 5.23%, see rank	1.78%	2.48%
3 Rooms	1,015, 10.62%, see rank	7.14%	9.13%
4 Rooms	1,056, 11.05%, see rank	14.38%	16.60%
5 Rooms	1,669, 17.46%, see rank	21.00%	20.41%
6 Rooms	2,197, 22.98%, see rank	20.07%	18.06%
7 Rooms	1,059, 11.08%, see rank	13.45%	12.27%
8 Rooms	1,171, 12.25%, see rank	9.27%	8.48%
9 Rooms or More	808, 8.45%, see rank	11.67%	10.60%
Median Rooms	5.70, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	48083 Zip Code	Michigan	U.S.
Total Housing Units	9,560, 100%	4,532,719	132,741,033
No Bedroom	101, 1.06%, see rank	1.35%	2.17%
1 Bedroom	1,553, 16.24%, see rank	9.11%	11.16%
2 Bedrooms	1,677, 17.54%, see rank	26.33%	26.69%
3 Bedrooms	4,324, 45.23%, see rank	43.93%	39.70%
4 Bedrooms	1,780, 18.62%, see rank	15.80%	16.05%
5 or More Bedrooms	125, 1.31%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	48083 Zip Code	Michigan	U.S.
Total Housing Units	9,119, 100%	3,827,880	116,211,092
Utility Gas	8,300, 91.02%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	52, 0.57%, see rank	8.48%	4.86%
Electricity	582, 6.38%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	17, 0.19%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	17, 0.19%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	89, 0.98%, see rank	0.86%	0.47%
No Fuel Used	62, 0.68%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	48083 Zip Code	Michigan	U.S.
Occupied Units Paying Rent	3,332, 100%	1,028,835	39,201,928
$199 or Less	76, 2.28%, see rank	1.86%	1.50%
$200 to $299	276, 8.28%, see rank	3.88%	3.18%
$300 to $499	267, 8.01%, see rank	9.32%	7.37%
$500 to $699	213, 6.39%, see rank	23.63%	16.01%
$700 to $999	1,164, 34.93%, see rank	35.23%	29.17%
$1,000 to $1,499	1,059, 31.78%, see rank	20.17%	26.88%
$1,500 to $1,999	188, 5.64%, see rank	3.85%	9.79%
$2,000 or More	89, 2.67%, see rank	2.06%	6.10%
Median	$915, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	48083 Zip Code	Michigan	U.S.
Occupied Housing Units	9,119, 100%	3,827,880	116,211,092
No Vehicles Available	819, 8.98%, see rank	7.97%	9.12%
1 Vehicles Available	3,162, 34.67%, see rank	35.06%	33.80%
2 Vehicles Available	3,565, 39.09%, see rank	38.45%	37.48%
3 or More Vehicles Available	1,573, 17.25%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.