Zip 48813 (Charlotte, MI) Housing

Charlotte, MI is a great place to buy a home given its median housing value of $205,100. This is much lower than the US house median value of $338,100 and represents a great opportunity for potential buyers. In addition, the 1 year house appreciation in Charlotte is 8.98%, which is higher than the US average of 8.27%. Therefore, buying in Charlotte can be considered an excellent investment both in terms of monetary return as well as quality of life.

The median home cost in Charlotte (zip 48813) is $205,100. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Charlotte (zip 48813) is up 12.2%.

Average Age of Homes

- The median age of Charlotte (zip 48813) real estate is 44 years old

The Rental Market in Charlotte (zip 48813)

- Renters make up 21.2% of the Charlotte (zip 48813) population
- 1.5% of houses and apartments in Charlotte (zip 48813), 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	Charlotte, Michigan	United States
	8,240.0	139,647,020.0
	48	42
	$205,100	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$14.87	$10.98
	$2,266	$2,690
	72.7%	57.4%
	7.5%	11.2%
	19.8%	31.4%
Vacant Housing
	1.5%	1.9%
	0.5%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	5.1%	2.6%
	1.4%	2.4%
	2.9%	2.8%
	3.8%	3.9%
	7.1%	4.5%
	28.5%	11.3%
	20.5%	13.0%
	20.9%	20.1%
	5.1%	13.6%
	2.2%	8.3%
	1.9%	9.7%
	0.1%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	15.3%	13.6%
	15.3%	13.6%
	12.8%	13.6%
	9.0%	13.2%
	16.1%	14.8%
	12.8%	13.6%
	5.8%	10.0%
	3.1%	4.7%
	28.0%	12.2%

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