Zip 49224 (Albion, MI) Housing

The housing market in Albion, MI (49224) is on the upswing with a median value of $115,100. This is over $200,000 less than the US median value, but it has experienced greater appreciation within the past year at 9.09%, compared to 8.27% nationwide. Those looking for affordable housing in a growing market should look to Albion as an ideal choice.

The median home cost in Albion (zip 49224) is $115,100. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Albion (zip 49224) is up 16.2%.

Average Age of Homes

- The median age of Albion (zip 49224) real estate is 63 years old

The Rental Market in Albion (zip 49224)

- Renters make up 26.7% of the Albion (zip 49224) population
- 2.2% of houses and apartments in Albion (zip 49224), 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	Albion, Michigan	United States
	5,452.0	139,647,020.0
	68	42
	$115,100	$338,100
	16.2%	16.6%
	56.4%	57.0%
	106.2%	101.1%
	$16.35	$10.98
	$1,462	$2,690
	55.9%	57.4%
	18.9%	11.2%
	25.2%	31.4%
Vacant Housing
	2.2%	1.9%
	0.6%	0.4%
	1.4%	0.7%
	1.6%	0.4%
	3.4%	3.6%
	9.7%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	7.8%	2.4%
	18.6%	2.8%
	13.6%	3.9%
	10.3%	4.5%
	19.6%	11.3%
	11.1%	13.0%
	10.0%	20.1%
	2.2%	13.6%
	1.9%	8.3%
	1.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	6.1%	13.6%
	4.9%	13.2%
	9.1%	14.8%
	6.1%	13.6%
	20.5%	10.0%
	6.4%	4.7%
	36.6%	12.2%

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