Zip 48340 (Pontiac, MI) Housing

Pontiac, MI is an area with a relatively low housing median value of $106,000 when compared to the US house median value ($338,100). This past year saw the US house appreciation rate rise to 8.27%, while Pontiac's rate rose to 8.00%. This shows that while Pontiac is still behind the national average in terms of housing prices, it is certainly making progress towards catching up.

The median home cost in Pontiac (zip 48340) is $106,000. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Pontiac (zip 48340) is up 11.2%.

Average Age of Homes

- The median age of Pontiac (zip 48340) real estate is 56 years old

The Rental Market in Pontiac (zip 48340)

- Renters make up 50.9% of the Pontiac (zip 48340) population
- 4.9% of houses and apartments in Pontiac (zip 48340), 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	Pontiac, Michigan	United States
	11,699.0	139,647,020.0
	56	42
	$106,000	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$15.76	$10.98
	$1,157	$2,690
	38.4%	57.4%
	8.6%	11.2%
	53.0%	31.4%
Vacant Housing
	4.9%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.3%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	10.3%	2.6%
	7.8%	2.4%
	15.4%	2.8%
	25.6%	3.9%
	8.5%	4.5%
	14.7%	11.3%
	9.2%	13.0%
	5.4%	20.1%
	0.9%	13.6%
	0.4%	8.3%
	0.8%	9.7%
	0.8%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.9%	13.6%
	8.9%	13.6%
	8.6%	13.6%
	5.3%	13.2%
	19.0%	14.8%
	8.6%	13.6%
	22.1%	10.0%
	7.0%	4.7%
	14.7%	12.2%

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