Zip 49816 (Chatham, MI) Housing

The housing market in Chatham, MI (zip code 49816) is doing particularly well compared to the rest of the US. The median value for homes in the area is $181,400 which is significantly lower than the US median of $338,100. Furthermore, although houses across the nation appreciated by 8.27% over the last year, in Chatham they appreciate 12.90%, making them a great investment for those looking to buy or sell property in the area.

The median home cost in Chatham (zip 49816) is $181,400. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Chatham (zip 49816) is up 23.1%.

Average Age of Homes

- The median age of Chatham (zip 49816) real estate is 44 years old

The Rental Market in Chatham (zip 49816)

- Renters make up 8.1% of the Chatham (zip 49816) population
- 0.0% of houses and apartments in Chatham (zip 49816), 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	Chatham, Michigan	United States
	439.0	139,647,020.0
	51	42
	$181,400	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$10.20	$10.98
	$1,377	$2,690
	60.6%	57.4%
	36.2%	11.2%
	3.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.0%	0.7%
	0.0%	0.4%
	23.9%	3.6%
	9.3%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	4.5%	2.4%
	4.1%	2.8%
	15.4%	3.9%
	5.6%	4.5%
	21.1%	11.3%
	19.5%	13.0%
	19.5%	20.1%
	4.5%	13.6%
	1.1%	8.3%
	4.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	10.7%	13.6%
	8.4%	13.2%
	22.8%	14.8%
	10.7%	13.6%
	7.1%	10.0%
	9.8%	4.7%
	23.2%	12.2%

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