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48168 Zip Code Housing

 
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As of 2010-2014, median price of a house in 48168 Zip Code is $351,100, which is much higher than the state average of $120,200 and is much higher than the national average of $175,700. The median year that a house in 48168 Zip Code was built is 1995, which is newer than the median year for a house built in the state which is 1969 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 6,960 Owner Occupied Houses in 48168 Zip Code, see rank
48168 Zip Code
351,100 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2008-2012, see rank
48168 Zip Code
1.21%
Michigan
3.98%
U.S.
46.91%

*The 48168 Zip Code median house price growth rate is since 2008-2012. The Michigan and U.S population growth rate is since 2000.
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

 48168 Zip CodeMichiganU.S.
Total Housing Units8,216, see rank, 100%4,532,719132,741,033
Occupied Housing Units7,888, 96.01%, see rank84.45%87.55%
Owner Occupied6,960, 84.71%, see rank60.41%56.34%
Renter Occupied928, 11.30%, see rank24.04%31.21%
Vacant Housing Units328, 3.99%, see rank15.55%12.45%
For Rent91, 1.11%, see rank1.84%2.34%
For Sale Only14, 0.17%, see rank1.40%1.20%
Rented or Sold, Not Occupied39, 0.47%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use29, 0.35%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant155, 1.89%, see rank4.96%4.00%

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

Year Structure Built

Median Built Year, #8
48168 Zip CodeMichiganU.S.
199519691976

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

 48168 Zip Code%MichiganU.S.
Owner-Occupied Units6,960100%2,738,01274,787,460
With a Mortgage4,91570.62%, see rank63.63%65.58%
Without a Mortgage2,04529.38%, see rank36.37%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
48168 Zip Code
2,637 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner Costs48168 Zip Code%MichiganU.S.
$299 or Less00.00%, see rank0.19%0.20%
$300 to $499491.00%, see rank1.88%1.59%
$500 to $699460.94%, see rank6.65%5.01%
$700 to $9991142.32%, see rank19.56%14.32%
$1,000 to $1,4993467.04%, see rank34.69%27.90%
$1,500 to $1,99982116.70%, see rank20.06%20.35%
$2,000 to $2,9991,68234.22%, see rank12.84%19.52%
$3,000 or More1,85737.78%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48168 Zip Code
20.60% 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
 48168 Zip Code%MichiganU.S.
10% or Less3527.16%, see rank5.90%5.86%
10% to 20%1,98740.43%, see rank35.28%31.95%
20% to 30%1,23225.07%, see rank27.51%27.64%
30% to 40%4609.36%, see rank12.63%13.74%
40% or More84917.27%, see rank18.20%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
48168 Zip Code
868 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner Costs48168 Zip Code%MichiganU.S.
$199 or Less1205.87%, see rank4.74%7.76%
$200 to $299422.05%, see rank12.46%14.70%
$300 to $49924812.13%, see rank40.41%34.63%
$500 to $69926412.91%, see rank25.95%21.16%
$700 or More1,37167.04%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48168 Zip Code
10.00% 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
 48168 Zip Code%MichiganU.S.
10% or Less1,03950.81%, see rank35.33%40.19%
10% to 20%52025.43%, see rank33.76%31.47%
20% to 30%25812.62%, see rank13.39%12.24%
30% to 40%482.35%, see rank6.18%5.64%
40% or More1808.80%, see rank9.99%9.16%

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

Units in Structure

 48168 Zip CodeMichiganU.S.
Total Housing Units8,216, 100%4,532,719132,741,033
1-unit, Detached5,654, 68.82%, see rank71.97%61.65%
1-unit, Attached1,634, 19.89%, see rank4.66%5.82%
2 Units111, 1.35%, see rank2.58%3.75%
3 or 4 Units173, 2.11%, see rank2.56%4.43%
5 to 9 Units271, 3.30%, see rank4.20%4.78%
10 or More Units341, 4.15%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.32, 0.39%, see rank5.45%6.49%

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

Rooms

 48168 Zip CodeMichiganU.S.
Total Housing Units8,216, 100%4,532,719132,741,033
1 Room65, 0.79%, see rank1.24%1.95%
2 Rooms0, 0.00%, see rank1.78%2.48%
3 Rooms193, 2.35%, see rank7.14%9.13%
4 Rooms538, 6.55%, see rank14.38%16.60%
5 Rooms1,033, 12.57%, see rank21.00%20.41%
6 Rooms854, 10.39%, see rank20.07%18.06%
7 Rooms1,059, 12.89%, see rank13.45%12.27%
8 Rooms1,018, 12.39%, see rank9.27%8.48%
9 Rooms or More3,456, 42.06%, see rank11.67%10.60%
Median Rooms7.90, see rank5.705.50

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

Bedrooms

 48168 Zip CodeMichiganU.S.
Total Housing Units8,216, 100%4,532,719132,741,033
No Bedroom65, 0.79%, see rank1.35%2.17%
1 Bedroom244, 2.97%, see rank9.11%11.16%
2 Bedrooms1,675, 20.39%, see rank26.33%26.69%
3 Bedrooms1,901, 23.14%, see rank43.93%39.70%
4 Bedrooms3,629, 44.17%, see rank15.80%16.05%
5 or More Bedrooms702, 8.54%, see rank3.47%4.22%

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

House Heating Fuel

 48168 Zip CodeMichiganU.S.
Total Housing Units7,888, 100%3,827,880116,211,092
Utility Gas7,356, 93.26%, see rank77.13%48.85%
Bottled, Tank, or LP Gas97, 1.23%, see rank8.48%4.86%
Electricity354, 4.49%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.13, 0.16%, see rank1.40%5.86%
Coal or Coke8, 0.10%, see rank0.03%0.12%
Wood24, 0.30%, see rank3.39%2.12%
Solar Energy8, 0.10%, see rank0.02%0.05%
Other Fuel14, 0.18%, see rank0.86%0.47%
No Fuel Used14, 0.18%, see rank0.39%1.00%

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

Gross Rent

Monthly Rental48168 Zip CodeMichiganU.S.
Occupied Units Paying Rent882, 100%1,028,83539,201,928
$199 or Less0, 0.00%, see rank1.86%1.50%
$200 to $2990, 0.00%, see rank3.88%3.18%
$300 to $4990, 0.00%, see rank9.32%7.37%
$500 to $69946, 5.22%, see rank23.63%16.01%
$700 to $999222, 25.17%, see rank35.23%29.17%
$1,000 to $1,499257, 29.14%, see rank20.17%26.88%
$1,500 to $1,999122, 13.83%, see rank3.85%9.79%
$2,000 or More235, 26.64%, see rank2.06%6.10%
Median$1,373, see rank$780$920

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

Vehicle Available

 48168 Zip CodeMichiganU.S.
Occupied Housing Units7,888, 100%3,827,880116,211,092
No Vehicles Available276, 3.50%, see rank7.97%9.12%
1 Vehicles Available1,792, 22.72%, see rank35.06%33.80%
2 Vehicles Available3,961, 50.22%, see rank38.45%37.48%
3 or More Vehicles Available1,859, 23.57%, see rank18.52%19.61%

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


 
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