Zip 48363 (Oakland, MI) Housing

Oakland, MI with zipcode 48363 has a median housing value of $603,800, which is approximately 79% higher than the national median housing value of $338,100. Over the past year, the appreciation rate for homes in Oakland was 8.00%, which is slightly lower than the US average of 8.27%. Despite this lower appreciation rate, it is evident that Oakland remains an attractive place to invest in real estate due to its consistently higher median housing values.

The median home cost in Oakland (zip 48363) is $603,800. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Oakland (zip 48363) is up 11.2%.

Average Age of Homes

- The median age of Oakland (zip 48363) real estate is 29 years old

The Rental Market in Oakland (zip 48363)

- Renters make up 8.0% of the Oakland (zip 48363) population
- 0.0% of houses and apartments in Oakland (zip 48363), 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	Oakland, Michigan	United States
	2,357.0	139,647,020.0
	21	42
	$603,800	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$12.28	$10.98
	$5,761	$2,690
	94.4%	57.4%
	3.1%	11.2%
	2.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	1.4%	0.4%
	0.0%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	6.3%	2.6%
	1.4%	2.4%
	2.5%	2.8%
	0.5%	3.9%
	0.4%	4.5%
	0.3%	11.3%
	1.8%	13.0%
	9.7%	20.1%
	17.3%	13.6%
	14.1%	8.3%
	24.6%	9.7%
	16.8%	3.9%
	1.5%	2.2%
	2.6%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	14.3%	13.6%
	14.3%	13.6%
	13.7%	13.6%
	7.3%	13.2%
	11.6%	14.8%
	13.7%	13.6%
	5.3%	10.0%
	0.0%	4.7%
	4.3%	12.2%

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