Zip 48380 (Milford, MI) Housing

The housing market in 48380 Milford, MI is slightly below the US average median value at $445,900. In the past year, house prices in the area have appreciated by 8.00%, 0.27% lower than the national average of 8.27%. Despite this slight difference, homes in this zip code remain desirable for prospective buyers due to its close proximity to Detroit and its many local amenities such as outdoor recreational activities at Kensington Metro Park and nearby lakes and rivers.

The median home cost in Milford (zip 48380) is $445,900. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Milford (zip 48380) is up 11.2%.

Average Age of Homes

- The median age of Milford (zip 48380) real estate is 29 years old

The Rental Market in Milford (zip 48380)

- Renters make up 2.1% of the Milford (zip 48380) population
- 0.0% of houses and apartments in Milford (zip 48380), 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	Milford, Michigan	United States
	2,889.0	139,647,020.0
	32	42
	$445,900	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$11.87	$10.98
	$4,391	$2,690
	94.2%	57.4%
	4.2%	11.2%
	1.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	1.5%	0.4%
	1.3%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.6%	2.4%
	2.6%	2.8%
	1.9%	3.9%
	1.6%	4.5%
	3.0%	11.3%
	8.2%	13.0%
	17.4%	20.1%
	18.6%	13.6%
	17.9%	8.3%
	16.8%	9.7%
	7.1%	3.9%
	2.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.5%	13.6%
	22.5%	13.6%
	21.3%	13.6%
	8.0%	13.2%
	21.4%	14.8%
	21.3%	13.6%
	3.0%	10.0%
	3.0%	4.7%
	7.2%	12.2%

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