USA.com / Michigan / Oakland County / Pontiac, MI / 48340 / Housing

48340 Zip Code Housing

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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.

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 4,109 Owner Occupied Houses in 48340 Zip Code, see rank

48340 Zip Code	50,600 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

48340 Zip Code		-33.94%
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

	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, #720

48340 Zip Code	Michigan	U.S.
1963	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

	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.