Zip 48416 (Brown City, MI) Housing

The housing market in 48416 Brown City, MI is showing a slightly below average appreciation rate of 6.41%. This is compared to the US average of 8.27%. Despite an appreciation rate lower than the national average, the median value of houses in 48416 Brown City, MI is still quite high at $180,500. This is significantly lower than the US median house value which stands at $338,100. Overall, this indicates that the housing market in 48416 Brown City, MI remains strong and stable despite near-average appreciation rates.

The median home cost in Brown City (zip 48416) is $180,500. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Brown City (zip 48416) is up 12.8%.

Average Age of Homes

- The median age of Brown City (zip 48416) real estate is 42 years old

The Rental Market in Brown City (zip 48416)

- Renters make up 15.0% of the Brown City (zip 48416) population
- 0.0% of houses and apartments in Brown City (zip 48416), 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	Brown City, Michigan	United States
	2,064.0	139,647,020.0
	45	42
	$180,500	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$9.25	$10.98
	$1,451	$2,690
	77.3%	57.4%
	6.2%	11.2%
	16.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.6%	0.4%
	1.4%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	2.7%	2.4%
	4.5%	2.8%
	10.1%	3.9%
	6.5%	4.5%
	21.2%	11.3%
	17.9%	13.0%
	18.1%	20.1%
	11.4%	13.6%
	3.6%	8.3%
	0.3%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.9%	13.6%
	11.9%	13.6%
	17.1%	13.6%
	7.9%	13.2%
	15.1%	14.8%
	17.1%	13.6%
	9.9%	10.0%
	4.3%	4.7%
	21.4%	12.2%

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