Zip 48116 (Brighton, MI) Housing

The housing market in Brighton, MI (zipcode 48116) is performing very well with a median value of $359,200. This is higher than the US House Median Value of $338,100 and the 1 year House Appreciation in Brighton is 8.47%, which is also higher than the US average of 8.27%. Considering this strong performance, it appears to be a great time to invest in residential property in Brighton.

The median home cost in Brighton (zip 48116) is $359,200. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Brighton (zip 48116) is up 13.1%.

Average Age of Homes

- The median age of Brighton (zip 48116) real estate is 34 years old

The Rental Market in Brighton (zip 48116)

- Renters make up 17.2% of the Brighton (zip 48116) population
- 0.6% of houses and apartments in Brighton (zip 48116), 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	Brighton, Michigan	United States
	11,908.0	139,647,020.0
	37	42
	$359,200	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$11.92	$10.98
	$3,455	$2,690
	80.0%	57.4%
	6.9%	11.2%
	13.2%	31.4%
Vacant Housing
	0.6%	1.9%
	0.9%	0.4%
	0.3%	0.7%
	1.8%	0.4%
	2.3%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.6%	2.4%
	1.2%	2.8%
	0.6%	3.9%
	1.0%	4.5%
	5.5%	11.3%
	13.4%	13.0%
	30.7%	20.1%
	26.1%	13.6%
	10.5%	8.3%
	7.1%	9.7%
	2.0%	3.9%
	0.7%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.8%	13.6%
	15.8%	13.6%
	23.0%	13.6%
	13.4%	13.2%
	19.0%	14.8%
	23.0%	13.6%
	8.4%	10.0%
	2.8%	4.7%
	6.0%	12.2%

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