Housing in Hazel Park, MI (48030) is a great housing market for people looking for an affordable place to live. The median value of a house in Hazel Park is $150,100 which is significantly lower than the US median value of $338,100. Although the US house appreciation rate over one year is 8.27%, the one year appreciation rate in Hazel Park is 7.58%. This means that although property values are still appreciating, they are not doing so at as fast of a rate as the national average. All things considered, Hazel Park provides an excellent opportunity for those looking to secure a home without breaking the bank.
The median home cost in Hazel Park (zip 48030) is $150,100. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Hazel Park (zip 48030) is up 10.8%.
Average Age of Homes
- The median age of Hazel Park (zip 48030) real estate is 63 years old
The Rental Market in Hazel Park (zip 48030)
- Renters make up 35.1% of the Hazel Park (zip 48030) population
- 2.1% of houses and apartments in Hazel Park (zip 48030), 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.