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48623 Zip Code Housing

 
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As of 2010-2014, median price of a house in 48623 Zip Code is $148,800, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The 48623 Zip Code median house value has grown by 22.87% since 2000. The growth rate for the price of a house in 48623 Zip Code is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in 48623 Zip Code was built is 1985, 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 4,320 Owner Occupied Houses in 48623 Zip Code, see rank
48623 Zip Code
148,800 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, see rank
48623 Zip Code
22.87%
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

 48623 Zip CodeMichiganU.S.
Total Housing Units5,059, see rank, 100%4,532,719132,741,033
Occupied Housing Units4,833, 95.53%, see rank84.45%87.55%
Owner Occupied4,320, 85.39%, see rank60.41%56.34%
Renter Occupied513, 10.14%, see rank24.04%31.21%
Vacant Housing Units226, 4.47%, see rank15.55%12.45%
For Rent0, 0.00%, see rank1.84%2.34%
For Sale Only123, 2.43%, see rank1.40%1.20%
Rented or Sold, Not Occupied24, 0.47%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use44, 0.87%, see rank6.26%3.97%
For Migrant Workers16, 0.32%, see rank0.05%0.03%
Other Vacant19, 0.38%, see rank4.96%4.00%

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

Year Structure Built

Median Built Year, #68
48623 Zip CodeMichiganU.S.
198519691976

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

 48623 Zip Code%MichiganU.S.
Owner-Occupied Units4,320100%2,738,01274,787,460
With a Mortgage2,72062.96%, see rank63.63%65.58%
Without a Mortgage1,60037.04%, 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
48623 Zip Code
1,448 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner Costs48623 Zip Code%MichiganU.S.
$299 or Less190.70%, see rank0.19%0.20%
$300 to $499702.57%, see rank1.88%1.59%
$500 to $6991073.93%, see rank6.65%5.01%
$700 to $99930511.21%, see rank19.56%14.32%
$1,000 to $1,49997735.92%, see rank34.69%27.90%
$1,500 to $1,99983630.74%, see rank20.06%20.35%
$2,000 to $2,99935413.01%, see rank12.84%19.52%
$3,000 or More521.91%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48623 Zip Code
21.00% 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
 48623 Zip Code%MichiganU.S.
10% or Less1646.03%, see rank5.90%5.86%
10% to 20%1,07939.67%, see rank35.28%31.95%
20% to 30%78828.97%, see rank27.51%27.64%
30% to 40%34512.68%, see rank12.63%13.74%
40% or More32011.76%, 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
48623 Zip Code
468 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner Costs48623 Zip Code%MichiganU.S.
$199 or Less301.88%, see rank4.74%7.76%
$200 to $299955.94%, see rank12.46%14.70%
$300 to $49986454.00%, see rank40.41%34.63%
$500 to $69947129.44%, see rank25.95%21.16%
$700 or More1408.75%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48623 Zip Code
12.50% 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
 48623 Zip Code%MichiganU.S.
10% or Less62338.94%, see rank35.33%40.19%
10% to 20%61838.63%, see rank33.76%31.47%
20% to 30%16710.44%, see rank13.39%12.24%
30% to 40%644.00%, see rank6.18%5.64%
40% or More1288.00%, 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

 48623 Zip CodeMichiganU.S.
Total Housing Units5,059, 100%4,532,719132,741,033
1-unit, Detached4,311, 85.21%, see rank71.97%61.65%
1-unit, Attached290, 5.73%, see rank4.66%5.82%
2 Units34, 0.67%, see rank2.58%3.75%
3 or 4 Units107, 2.12%, see rank2.56%4.43%
5 to 9 Units18, 0.36%, see rank4.20%4.78%
10 or More Units0, 0.00%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.299, 5.91%, see rank5.45%6.49%

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

Rooms

 48623 Zip CodeMichiganU.S.
Total Housing Units5,059, 100%4,532,719132,741,033
1 Room14, 0.28%, see rank1.24%1.95%
2 Rooms21, 0.42%, see rank1.78%2.48%
3 Rooms37, 0.73%, see rank7.14%9.13%
4 Rooms474, 9.37%, see rank14.38%16.60%
5 Rooms1,026, 20.28%, see rank21.00%20.41%
6 Rooms1,118, 22.10%, see rank20.07%18.06%
7 Rooms898, 17.75%, see rank13.45%12.27%
8 Rooms673, 13.30%, see rank9.27%8.48%
9 Rooms or More798, 15.77%, see rank11.67%10.60%
Median Rooms6.40, see rank5.705.50

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

Bedrooms

 48623 Zip CodeMichiganU.S.
Total Housing Units5,059, 100%4,532,719132,741,033
No Bedroom14, 0.28%, see rank1.35%2.17%
1 Bedroom108, 2.13%, see rank9.11%11.16%
2 Bedrooms886, 17.51%, see rank26.33%26.69%
3 Bedrooms2,955, 58.41%, see rank43.93%39.70%
4 Bedrooms942, 18.62%, see rank15.80%16.05%
5 or More Bedrooms154, 3.04%, see rank3.47%4.22%

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

House Heating Fuel

 48623 Zip CodeMichiganU.S.
Total Housing Units4,833, 100%3,827,880116,211,092
Utility Gas3,623, 74.96%, see rank77.13%48.85%
Bottled, Tank, or LP Gas700, 14.48%, see rank8.48%4.86%
Electricity172, 3.56%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.108, 2.23%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood173, 3.58%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel57, 1.18%, see rank0.86%0.47%
No Fuel Used0, 0.00%, see rank0.39%1.00%

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

Gross Rent

Monthly Rental48623 Zip CodeMichiganU.S.
Occupied Units Paying Rent483, 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 $49936, 7.45%, see rank9.32%7.37%
$500 to $69960, 12.42%, see rank23.63%16.01%
$700 to $999141, 29.19%, see rank35.23%29.17%
$1,000 to $1,499246, 50.93%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$1,008, see rank$780$920

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

Vehicle Available

 48623 Zip CodeMichiganU.S.
Occupied Housing Units4,833, 100%3,827,880116,211,092
No Vehicles Available54, 1.12%, see rank7.97%9.12%
1 Vehicles Available1,158, 23.96%, see rank35.06%33.80%
2 Vehicles Available2,386, 49.37%, see rank38.45%37.48%
3 or More Vehicles Available1,235, 25.55%, see rank18.52%19.61%

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


 
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