Zip 48831 (Elsie, MI) Housing

Housing in 48831 Elsie, MI is very affordable compared to the US average. The median value of a house in 48831 Elsie, MI is $152,700, which is almost half the US median value of $338,100. In addition, houses in this area have seen an appreciation of 8.98% over the last year, which is slightly higher than the national appreciation rate of 8.27%. This shows that housing in 48831 Elsie, MI has become increasingly attractive for potential buyers and may offer a great opportunity for investment.

The median home cost in Elsie (zip 48831) is $152,700. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Elsie (zip 48831) is up 12.2%.

Average Age of Homes

- The median age of Elsie (zip 48831) real estate is 64 years old

The Rental Market in Elsie (zip 48831)

- Renters make up 17.3% of the Elsie (zip 48831) population
- 0.5% of houses and apartments in Elsie (zip 48831), 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	Elsie, Michigan	United States
	1,479.0	139,647,020.0
	60	42
	$152,700	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$13.72	$10.98
	$1,758	$2,690
	77.3%	57.4%
	6.6%	11.2%
	16.2%	31.4%
Vacant Housing
	0.5%	1.9%
	1.2%	0.4%
	0.0%	0.7%
	0.3%	0.4%
	1.7%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	3.7%	2.4%
	4.9%	2.8%
	10.4%	3.9%
	11.6%	4.5%
	23.8%	11.3%
	17.8%	13.0%
	15.9%	20.1%
	4.6%	13.6%
	1.3%	8.3%
	0.5%	9.7%
	0.3%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	10.0%	13.6%
	5.8%	13.2%
	17.2%	14.8%
	10.0%	13.6%
	7.8%	10.0%
	5.2%	4.7%
	36.4%	12.2%

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