Zip 49431 (Ludington, MI) Housing

The housing in 49431 Ludington, MI is quite attractive for potential buyers. The median value of homes in this area is $218,100, which is significantly lower than the US House median value of $338,100. Additionally, the one year house appreciation in this area is 13.62%, which is higher than the US average of 8.27%. This makes Ludington an excellent place to invest in property as it has grown in value more quickly than the average across the entire country.

The median home cost in Ludington (zip 49431) is $218,100. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Ludington (zip 49431) is up 16.5%.

Average Age of Homes

- The median age of Ludington (zip 49431) real estate is 45 years old

The Rental Market in Ludington (zip 49431)

- Renters make up 24.1% of the Ludington (zip 49431) population
- 0.2% of houses and apartments in Ludington (zip 49431), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ludington, Michigan	United States
	9,818.0	139,647,020.0
	47	42
	$218,100	$338,100
	16.5%	16.6%
	63.3%	57.0%
	124.7%	101.1%
	$13.02	$10.98
	$2,214	$2,690
	54.6%	57.4%
	24.7%	11.2%
	20.7%	31.4%
Vacant Housing
	0.2%	1.9%
	0.1%	0.4%
	0.8%	0.7%
	1.5%	0.4%
	18.6%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	1.2%	2.4%
	3.6%	2.8%
	6.4%	3.9%
	7.9%	4.5%
	18.8%	11.3%
	18.7%	13.0%
	24.2%	20.1%
	8.7%	13.6%
	3.7%	8.3%
	2.4%	9.7%
	1.6%	3.9%
	1.0%	2.2%
	0.4%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.1%	13.6%
	13.1%	13.6%
	13.7%	13.6%
	11.7%	13.2%
	11.6%	14.8%
	13.7%	13.6%
	13.3%	10.0%
	5.4%	4.7%
	20.1%	12.2%

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