Zip 48218 (River Rouge, MI) Housing

Housing in 48218 River Rouge, MI is significantly less expensive than the national median value of $338,100. The median housing value here is only $60,900. However, the appreciation rate of housing in 48218 River Rouge was 4.30% over the past year, which is lower than the US average of 8.27%. This suggests that prices may be on the rise but at a slower rate than the rest of the country.

The median home cost in River Rouge (zip 48218) is $60,900. Home appreciation the last 10 years has been 130.9%. Home Appreciation in River Rouge (zip 48218) is up 9.7%.

Average Age of Homes

- The median age of River Rouge (zip 48218) real estate is 78 years old

The Rental Market in River Rouge (zip 48218)

- Renters make up 31.8% of the River Rouge (zip 48218) population
- 1.4% of houses and apartments in River Rouge (zip 48218), 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	River Rouge, Michigan	United States
	3,538.0	139,647,020.0
	80	42
	$60,900	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,352	$2,690
	40.9%	57.4%
	18.2%	11.2%
	40.9%	31.4%
Vacant Housing
	1.4%	1.9%
	0.9%	0.4%
	0.3%	0.7%
	1.7%	0.4%
	0.3%	3.6%
	13.5%	4.1%
Value of Owner-Occupied Housing
	18.7%	2.6%
	38.8%	2.4%
	11.1%	2.8%
	18.7%	3.9%
	7.5%	4.5%
	3.2%	11.3%
	1.6%	13.0%
	0.5%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.4%	13.6%
	2.4%	13.6%
	4.0%	13.6%
	2.7%	13.2%
	2.5%	14.8%
	4.0%	13.6%
	14.0%	10.0%
	13.6%	4.7%
	48.0%	12.2%

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