Zip 49237 (Concord, MI) Housing

The housing market in 49237 Concord, MI is quite robust. The median value of homes in that area is $198,500, which is significantly lower than the US house median value of $338,100. Despite the lower cost of houses in this area, the one year appreciation rate for these properties is 9.09%, which is slightly higher than the national average of 8.27%. This means that investors and potential homeowners could benefit from buying real estate in 49237 Concord, MI because they would have a good chance of earning a return on their investment due to price appreciation over time.

The median home cost in Concord (zip 49237) is $198,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Concord (zip 49237) is up 16.2%.

Average Age of Homes

- The median age of Concord (zip 49237) real estate is 51 years old

The Rental Market in Concord (zip 49237)

- Renters make up 11.1% of the Concord (zip 49237) population
- 0.0% of houses and apartments in Concord (zip 49237), 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	Concord, Michigan	United States
	1,173.0	139,647,020.0
	56	42
	$198,500	$338,100
	16.2%	16.6%
	56.4%	57.0%
	106.2%	101.1%
	$14.85	$10.98
	$2,040	$2,690
	82.0%	57.4%
	5.7%	11.2%
	12.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.9%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	2.1%	2.4%
	2.2%	2.8%
	8.5%	3.9%
	8.4%	4.5%
	29.8%	11.3%
	20.7%	13.0%
	17.7%	20.1%
	4.5%	13.6%
	1.6%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.3%	13.6%
	11.3%	13.6%
	15.9%	13.6%
	5.6%	13.2%
	10.4%	14.8%
	15.9%	13.6%
	12.8%	10.0%
	5.5%	4.7%
	27.8%	12.2%

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