Zip 48731 (Elkton, MI) Housing

The housing median value in 48731 Elkton, MI is $108,000. This is significantly lower than the US Housing median value of $338,100. However, house appreciation in this area has been strong at 9.81%, higher than the national one year house appreciation of 8.27%. This suggests that property values in 48731 Elkton, MI are on the rise and could be a good investment opportunity for potential buyers.

The median home cost in Elkton (zip 48731) is $108,000. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Elkton (zip 48731) is up 14.8%.

Average Age of Homes

- The median age of Elkton (zip 48731) real estate is 63 years old

The Rental Market in Elkton (zip 48731)

- Renters make up 23.0% of the Elkton (zip 48731) population
- 1.4% of houses and apartments in Elkton (zip 48731), 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	Elkton, Michigan	United States
	786.0	139,647,020.0
	61	42
	$108,000	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$16.45	$10.98
	$1,502	$2,690
	62.9%	57.4%
	15.9%	11.2%
	21.2%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	0.8%	0.4%
	4.8%	3.6%
	7.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	4.9%	2.4%
	13.0%	2.8%
	18.2%	3.9%
	17.4%	4.5%
	20.2%	11.3%
	6.9%	13.0%
	12.6%	20.1%
	3.8%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	7.9%	13.6%
	10.9%	13.2%
	13.6%	14.8%
	7.9%	13.6%
	14.0%	10.0%
	10.8%	4.7%
	25.3%	12.2%

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