48340 Zip Code Housing
As of 2010-2014, median price of a house in 48340 Zip Code is $50,600, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The 48340 Zip Code median house value has shrunk by 33.94% since 2000. The growth rate for the price of a house in 48340 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 48340 Zip Code was built is 1963, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 4,109 Owner Occupied Houses in 48340 Zip Code, see rank48340 Zip Code | 50,600 USD |
Michigan | 120,200 USD |
U.S. | 175,700 USD |
48340 Zip Code | -33.94% | |
Michigan | 3.98% | |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
48340 Zip Code | Michigan | U.S. | |
Total Housing Units | 11,164, see rank, 100% | 4,532,719 | 132,741,033 |
Occupied Housing Units | 9,788, 87.67%, see rank | 84.45% | 87.55% |
Owner Occupied | 4,109, 36.81%, see rank | 60.41% | 56.34% |
Renter Occupied | 5,679, 50.87%, see rank | 24.04% | 31.21% |
Vacant Housing Units | 1,376, 12.33%, see rank | 15.55% | 12.45% |
For Rent | 549, 4.92%, see rank | 1.84% | 2.34% |
For Sale Only | 105, 0.94%, see rank | 1.40% | 1.20% |
Rented or Sold, Not Occupied | 92, 0.82%, see rank | 1.04% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 0, 0.00%, see rank | 6.26% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.05% | 0.03% |
Other Vacant | 630, 5.64%, see rank | 4.96% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #72048340 Zip Code | Michigan | U.S. |
1963 | 1969 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
48340 Zip Code | % | Michigan | U.S. | |
Owner-Occupied Units | 4,109 | 100% | 2,738,012 | 74,787,460 |
With a Mortgage | 2,576 | 62.69%, see rank | 63.63% | 65.58% |
Without a Mortgage | 1,533 | 37.31%, 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
48340 Zip Code | 1,066 USD |
Michigan | 1,295 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | 48340 Zip Code | % | Michigan | U.S. |
$299 or Less | 10 | 0.39%, see rank | 0.19% | 0.20% |
$300 to $499 | 68 | 2.64%, see rank | 1.88% | 1.59% |
$500 to $699 | 200 | 7.76%, see rank | 6.65% | 5.01% |
$700 to $999 | 871 | 33.81%, see rank | 19.56% | 14.32% |
$1,000 to $1,499 | 955 | 37.07%, see rank | 34.69% | 27.90% |
$1,500 to $1,999 | 378 | 14.67%, see rank | 20.06% | 20.35% |
$2,000 to $2,999 | 87 | 3.38%, see rank | 12.84% | 19.52% |
$3,000 or More | 7 | 0.27%, see rank | 4.13% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48340 Zip Code | 23.90% 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
48340 Zip Code | % | Michigan | U.S. | |
10% or Less | 178 | 6.91%, see rank | 5.90% | 5.86% |
10% to 20% | 745 | 28.92%, see rank | 35.28% | 31.95% |
20% to 30% | 756 | 29.35%, see rank | 27.51% | 27.64% |
30% to 40% | 295 | 11.45%, see rank | 12.63% | 13.74% |
40% or More | 550 | 21.35%, 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
48340 Zip Code | 354 USD |
Michigan | 463 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | 48340 Zip Code | % | Michigan | U.S. |
$199 or Less | 76 | 4.96%, see rank | 4.74% | 7.76% |
$200 to $299 | 522 | 34.05%, see rank | 12.46% | 14.70% |
$300 to $499 | 630 | 41.10%, see rank | 40.41% | 34.63% |
$500 to $699 | 202 | 13.18%, see rank | 25.95% | 21.16% |
$700 or More | 103 | 6.72%, see rank | 16.44% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48340 Zip Code | 17.80% 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
48340 Zip Code | % | Michigan | U.S. | |
10% or Less | 376 | 24.53%, see rank | 35.33% | 40.19% |
10% to 20% | 438 | 28.57%, see rank | 33.76% | 31.47% |
20% to 30% | 363 | 23.68%, see rank | 13.39% | 12.24% |
30% to 40% | 113 | 7.37%, see rank | 6.18% | 5.64% |
40% or More | 172 | 11.22%, 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
48340 Zip Code | Michigan | U.S. | |
Total Housing Units | 11,164, 100% | 4,532,719 | 132,741,033 |
1-unit, Detached | 6,447, 57.75%, see rank | 71.97% | 61.65% |
1-unit, Attached | 385, 3.45%, see rank | 4.66% | 5.82% |
2 Units | 74, 0.66%, see rank | 2.58% | 3.75% |
3 or 4 Units | 348, 3.12%, see rank | 2.56% | 4.43% |
5 to 9 Units | 1,430, 12.81%, see rank | 4.20% | 4.78% |
10 or More Units | 2,100, 18.81%, see rank | 8.58% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 380, 3.40%, see rank | 5.45% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
48340 Zip Code | Michigan | U.S. | |
Total Housing Units | 11,164, 100% | 4,532,719 | 132,741,033 |
1 Room | 296, 2.65%, see rank | 1.24% | 1.95% |
2 Rooms | 152, 1.36%, see rank | 1.78% | 2.48% |
3 Rooms | 1,004, 8.99%, see rank | 7.14% | 9.13% |
4 Rooms | 2,801, 25.09%, see rank | 14.38% | 16.60% |
5 Rooms | 3,421, 30.64%, see rank | 21.00% | 20.41% |
6 Rooms | 1,974, 17.68%, see rank | 20.07% | 18.06% |
7 Rooms | 873, 7.82%, see rank | 13.45% | 12.27% |
8 Rooms | 409, 3.66%, see rank | 9.27% | 8.48% |
9 Rooms or More | 234, 2.10%, see rank | 11.67% | 10.60% |
Median Rooms | 4.90, see rank | 5.70 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
48340 Zip Code | Michigan | U.S. | |
Total Housing Units | 11,164, 100% | 4,532,719 | 132,741,033 |
No Bedroom | 330, 2.96%, see rank | 1.35% | 2.17% |
1 Bedroom | 1,298, 11.63%, see rank | 9.11% | 11.16% |
2 Bedrooms | 4,448, 39.84%, see rank | 26.33% | 26.69% |
3 Bedrooms | 4,202, 37.64%, see rank | 43.93% | 39.70% |
4 Bedrooms | 738, 6.61%, see rank | 15.80% | 16.05% |
5 or More Bedrooms | 148, 1.33%, see rank | 3.47% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
48340 Zip Code | Michigan | U.S. | |
Total Housing Units | 9,788, 100% | 3,827,880 | 116,211,092 |
Utility Gas | 8,846, 90.38%, see rank | 77.13% | 48.85% |
Bottled, Tank, or LP Gas | 50, 0.51%, see rank | 8.48% | 4.86% |
Electricity | 679, 6.94%, see rank | 8.30% | 36.68% |
Fuel Oil, Kerosene, etc. | 16, 0.16%, see rank | 1.40% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.03% | 0.12% |
Wood | 81, 0.83%, see rank | 3.39% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.02% | 0.05% |
Other Fuel | 47, 0.48%, see rank | 0.86% | 0.47% |
No Fuel Used | 69, 0.70%, see rank | 0.39% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | 48340 Zip Code | Michigan | U.S. |
Occupied Units Paying Rent | 5,571, 100% | 1,028,835 | 39,201,928 |
$199 or Less | 305, 5.47%, see rank | 1.86% | 1.50% |
$200 to $299 | 266, 4.77%, see rank | 3.88% | 3.18% |
$300 to $499 | 492, 8.83%, see rank | 9.32% | 7.37% |
$500 to $699 | 1,335, 23.96%, see rank | 23.63% | 16.01% |
$700 to $999 | 2,224, 39.92%, see rank | 35.23% | 29.17% |
$1,000 to $1,499 | 855, 15.35%, see rank | 20.17% | 26.88% |
$1,500 to $1,999 | 56, 1.01%, see rank | 3.85% | 9.79% |
$2,000 or More | 38, 0.68%, see rank | 2.06% | 6.10% |
Median | $752, see rank | $780 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
48340 Zip Code | Michigan | U.S. | |
Occupied Housing Units | 9,788, 100% | 3,827,880 | 116,211,092 |
No Vehicles Available | 1,621, 16.56%, see rank | 7.97% | 9.12% |
1 Vehicles Available | 4,262, 43.54%, see rank | 35.06% | 33.80% |
2 Vehicles Available | 3,000, 30.65%, see rank | 38.45% | 37.48% |
3 or More Vehicles Available | 905, 9.25%, see rank | 18.52% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.