Zip 48462 (Ortonville, MI) Housing

The housing market in 48462 Ortonville, MI is slightly below the US national median value at $316,600. This is about 7% lower than the US median house value of $338,100. Additionally, it appears that the appreciation rate in Ortonville is also less than the nation average with a 1 year house appreciation rate of 6.41%, compared to 8.27% for the United States overall. With these figures in mind, it's clear that real estate prices are more affordable here compared to other places.

The median home cost in Ortonville (zip 48462) is $316,600. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Ortonville (zip 48462) is up 12.8%.

Average Age of Homes

- The median age of Ortonville (zip 48462) real estate is 38 years old

The Rental Market in Ortonville (zip 48462)

- Renters make up 9.0% of the Ortonville (zip 48462) population
- 0.1% of houses and apartments in Ortonville (zip 48462), 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	Ortonville, Michigan	United States
	4,988.0	139,647,020.0
	42	42
	$316,600	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$13.41	$10.98
	$3,528	$2,690
	92.3%	57.4%
	2.3%	11.2%
	5.4%	31.4%
Vacant Housing
	0.1%	1.9%
	0.1%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	1.5%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.1%	2.4%
	0.3%	2.8%
	1.1%	3.9%
	1.0%	4.5%
	8.0%	11.3%
	12.5%	13.0%
	37.4%	20.1%
	25.1%	13.6%
	9.7%	8.3%
	1.8%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.8%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	9.3%	13.6%
	9.3%	13.6%
	20.7%	13.6%
	13.2%	13.2%
	24.0%	14.8%
	20.7%	13.6%
	5.4%	10.0%
	6.4%	4.7%
	5.5%	12.2%

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