Zip 49615 (Bellaire, MI) Housing

The housing market in 49615 Bellaire, MI is currently booming. The median value of homes in the area is $280,000, which is significantly lower than the US median house value of $338,100. In addition to this low entry price point, the one-year house appreciation rate for the area is 15.49%, more than double the average nationwide appreciation rate of 8.27%. This makes investing in real estate in 49615 Bellaire an attractive option for many potential buyers.

The median home cost in Bellaire (zip 49615) is $280,000. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Bellaire (zip 49615) is up 19.8%.

Average Age of Homes

- The median age of Bellaire (zip 49615) real estate is 39 years old

The Rental Market in Bellaire (zip 49615)

- Renters make up 7.5% of the Bellaire (zip 49615) population
- 0.4% of houses and apartments in Bellaire (zip 49615), 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	Bellaire, Michigan	United States
	3,581.0	139,647,020.0
	44	42
	$280,000	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$10.75	$10.98
	$2,376	$2,690
	42.8%	57.4%
	49.6%	11.2%
	7.6%	31.4%
Vacant Housing
	0.4%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	47.2%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.3%	2.4%
	2.3%	2.8%
	4.0%	3.9%
	9.8%	4.5%
	12.3%	11.3%
	14.7%	13.0%
	21.2%	20.1%
	10.9%	13.6%
	7.2%	8.3%
	10.0%	9.7%
	1.8%	3.9%
	2.3%	2.2%
	0.2%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	12.8%	13.6%
	17.1%	13.2%
	22.0%	14.8%
	12.8%	13.6%
	9.8%	10.0%
	6.6%	4.7%
	7.5%	12.2%

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