Zip 48832 (Elwell, MI) Housing

In Elwell, MI (Zipcode 48832) the median value of housing is $158,200. This is lower than the US median value of $338,100. Over the last year, the appreciation rate in Elwell has been 8.98%, slightly higher than the national average of 8.27%. This suggests that real estate prices in Elwell are continuing to increase and could be a good investment opportunity for those looking for an affordable option in Michigan.

The median home cost in Elwell (zip 48832) is $158,200. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Elwell (zip 48832) is up 12.2%.

Average Age of Homes

- The median age of Elwell (zip 48832) real estate is 41 years old

The Rental Market in Elwell (zip 48832)

- Renters make up 3.7% of the Elwell (zip 48832) population
- 0.0% of houses and apartments in Elwell (zip 48832), 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	Elwell, Michigan	United States
	573.0	139,647,020.0
	47	42
	$158,200	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$11.12	$10.98
	$1,289	$2,690
	87.6%	57.4%
	5.2%	11.2%
	7.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	16.9%	2.4%
	4.4%	2.8%
	12.4%	3.9%
	6.6%	4.5%
	21.3%	11.3%
	23.1%	13.0%
	11.0%	20.1%
	2.8%	13.6%
	0.0%	8.3%
	1.6%	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%
	8.0%	13.6%
	8.0%	13.6%
	18.2%	13.6%
	12.2%	13.2%
	15.5%	14.8%
	18.2%	13.6%
	10.6%	10.0%
	9.1%	4.7%
	11.9%	12.2%

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