Zip 48198 (Ypsilanti, MI) Housing

Housing in 48198 Ypsilanti, MI is extremely affordable compared to the US median of $338,100. The median value of homes in 48198 Ypsilanti is $183,400, which puts it far lower than the national median. Additionally, the appreciation rate for homes in Ypsilanti is 8.47%, meaning that those looking to invest in a home are likely to see a good return on their investment. Overall, Ypsilanti offers an affordable housing market with strong growth potential.

The median home cost in Ypsilanti (zip 48198) is $183,400. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ypsilanti (zip 48198) is up 13.1%.

Average Age of Homes

- The median age of Ypsilanti (zip 48198) real estate is 49 years old

The Rental Market in Ypsilanti (zip 48198)

- Renters make up 38.8% of the Ypsilanti (zip 48198) population
- 2.1% of houses and apartments in Ypsilanti (zip 48198), 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	Ypsilanti, Michigan	United States
	17,475.0	139,647,020.0
	52	42
	$183,400	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$18.44	$10.98
	$2,421	$2,690
	55.4%	57.4%
	5.3%	11.2%
	39.3%	31.4%
Vacant Housing
	2.1%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	6.9%	2.6%
	2.9%	2.4%
	4.3%	2.8%
	8.4%	3.9%
	9.2%	4.5%
	27.5%	11.3%
	19.5%	13.0%
	12.7%	20.1%
	4.1%	13.6%
	0.5%	8.3%
	1.8%	9.7%
	0.9%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.2%	13.6%
	10.2%	13.6%
	11.3%	13.6%
	9.1%	13.2%
	15.8%	14.8%
	11.3%	13.6%
	21.1%	10.0%
	7.8%	4.7%
	5.8%	12.2%

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