The housing market in Southfield, MI (zip code 48076) is slightly below the national median value. The median value of homes in Southfield is $266,200 compared to the United States median value of $338,100. However, the one-year appreciation rate for homes in Southfield is only slightly lower than the national appreciation rate of 8.27%, coming in at 7.58%. This suggests that the housing market in Southfield is keeping pace with the national average and could be a good option for potential homebuyers.
The median home cost in Southfield (zip 48076) is $266,200. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Southfield (zip 48076) is up 10.8%.
Average Age of Homes
- The median age of Southfield (zip 48076) real estate is 53 years old
The Rental Market in Southfield (zip 48076)
- Renters make up 26.3% of the Southfield (zip 48076) population
- 1.8% of houses and apartments in Southfield (zip 48076), 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.