The housing market in 48807 Bannister, MI is doing very well. The median value of homes in the area is $129,000, which is significantly lower than the US House Median Value of $338,100. In addition to this, the home appreciation rate for houses in 48807 Bannister was 8.98% over the past year, which is higher than the US national average of 8.27%. This shows that there has been strong growth and positive appreciation for homes in this area recently, making it an ideal place to invest in real estate.
The median home cost in Bannister (zip 48807) is $129,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Bannister (zip 48807) is up 12.2%.
Average Age of Homes
- The median age of Bannister (zip 48807) real estate is 42 years old
The Rental Market in Bannister (zip 48807)
- Renters make up 15.6% of the Bannister (zip 48807) population
- 3.4% of houses and apartments in Bannister (zip 48807), 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.