The housing market in St. Clair Shores, MI (48082) is quite strong. The median value of homes in the area is $198,500 - lower than the national median value of $338,100. Despite this difference in price point, the 1-year house appreciation rate of 7.58% is only slightly lower than the US average of 8.27%. This indicates that there may be some affordability advantages for buyers looking to purchase property in St. Clair Shores compared to other areas. Additionally, with a relatively high appreciation rate, homeowners can expect their properties to increase in value over time.
The median home cost in St. Clair Shores (zip 48082) is $198,500. Home appreciation the last 10 years has been 116.4%. Home Appreciation in St. Clair Shores (zip 48082) is up 10.8%.
Average Age of Homes
- The median age of St. Clair Shores (zip 48082) real estate is 59 years old
The Rental Market in St. Clair Shores (zip 48082)
- Renters make up 14.4% of the St. Clair Shores (zip 48082) population
- 0.0% of houses and apartments in St. Clair Shores (zip 48082), 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.