Zip 48239 (Redford, MI) Housing

The median value of housing in 48239 Redford, MI is $164,200. This is significantly lower than the US housing median value of $338,100. However, though the appreciation rate for US housing in the past year was 8.27%, Redford experienced a slower 1 year house appreciation rate of 4.30%. This may be due to the smaller population size and limited access to resources compared to other areas of the country, leading to slower growth in property values.

The median home cost in Redford (zip 48239) is $164,200. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Redford (zip 48239) is up 9.7%.

Average Age of Homes

- The median age of Redford (zip 48239) real estate is 62 years old

The Rental Market in Redford (zip 48239)

- Renters make up 18.7% of the Redford (zip 48239) population
- 0.0% of houses and apartments in Redford (zip 48239), 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	Redford, Michigan	United States
	14,608.0	139,647,020.0
	66	42
	$164,200	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$20.16	$10.98
	$2,187	$2,690
	71.6%	57.4%
	5.1%	11.2%
	23.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	0.2%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	5.2%	2.4%
	7.6%	2.8%
	12.4%	3.9%
	16.2%	4.5%
	34.2%	11.3%
	16.4%	13.0%
	3.8%	20.1%
	0.8%	13.6%
	0.2%	8.3%
	0.5%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	2.5%	13.6%
	0.5%	13.2%
	3.7%	14.8%
	2.5%	13.6%
	56.4%	10.0%
	15.4%	4.7%
	5.1%	12.2%

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