Zip 48005 (Armada, MI) Housing

The housing market in 48005 Armada, MI is slightly below the US House Median Value of $338,100, with a median value of $298,000. The appreciation rate for houses in this area is 7.58%, which is lower than the national rate of 8.27%. This could be a result of the relatively small population and limited job opportunities in the area. Despite that, property values remain steady and offer potential investors an opportunity to increase their investment portfolio.

The median home cost in Armada (zip 48005) is $298,000. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Armada (zip 48005) is up 10.8%.

Average Age of Homes

- The median age of Armada (zip 48005) real estate is 41 years old

The Rental Market in Armada (zip 48005)

- Renters make up 10.7% of the Armada (zip 48005) population
- 0.0% of houses and apartments in Armada (zip 48005), 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	Armada, Michigan	United States
	1,864.0	139,647,020.0
	45	42
	$298,000	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$15.96	$10.98
	$3,049	$2,690
	91.0%	57.4%
	2.2%	11.2%
	6.8%	31.4%
Vacant Housing
	0.0%	1.9%
	1.3%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.5%	2.4%
	0.8%	2.8%
	0.5%	3.9%
	1.1%	4.5%
	12.6%	11.3%
	13.9%	13.0%
	40.0%	20.1%
	18.6%	13.6%
	5.8%	8.3%
	4.1%	9.7%
	1.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.1%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	15.0%	13.6%
	13.0%	13.2%
	18.8%	14.8%
	15.0%	13.6%
	6.5%	10.0%
	3.4%	4.7%
	24.8%	12.2%

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