Zip 49318 (Casnovia, MI) Housing

The housing market in 49318 Casnovia, MI is thriving. The median value of homes in this area is $243,500, which is much lower than the US house median value of $338,100. In addition, the US house appreciation rate over the past year was 8.27%, but the housing appreciation rate in Casnovia was even higher at 12.54%. This increase demonstrates a strong trend toward increasing home values in this area that could be a great opportunity for buyers and investors alike.

The median home cost in Casnovia (zip 49318) is $243,500. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Casnovia (zip 49318) is up 16.2%.

Average Age of Homes

- The median age of Casnovia (zip 49318) real estate is 49 years old

The Rental Market in Casnovia (zip 49318)

- Renters make up 11.0% of the Casnovia (zip 49318) population
- 0.0% of houses and apartments in Casnovia (zip 49318), 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	Casnovia, Michigan	United States
	519.0	139,647,020.0
	54	42
	$243,500	$338,100
	16.2%	16.6%
	62.1%	57.0%
	120.9%	101.1%
	$13.46	$10.98
	$2,334	$2,690
	80.3%	57.4%
	6.7%	11.2%
	12.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	3.4%	2.4%
	1.7%	2.8%
	5.8%	3.9%
	6.2%	4.5%
	17.0%	11.3%
	29.7%	13.0%
	21.8%	20.1%
	9.6%	13.6%
	2.6%	8.3%
	1.2%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.2%	13.6%
	11.2%	13.6%
	9.4%	13.6%
	6.0%	13.2%
	17.0%	14.8%
	9.4%	13.6%
	8.3%	10.0%
	8.5%	4.7%
	22.4%	12.2%

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