The housing market in 48134 Flat Rock, MI is performing slightly above the national average. The median value of homes in this area is $283,900, which is lower than the US median value of $338,100. However, over the past year, the US house appreciation rate was 8.27%, while in Flat Rock it was 8.47%, meaning that home values have increased here at a slightly faster pace than nationally. As such, this area has seen a significant increase in the value of its housing over the last year.
The median home cost in Flat Rock (zip 48134) is $283,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Flat Rock (zip 48134) is up 13.1%.
Average Age of Homes
- The median age of Flat Rock (zip 48134) real estate is 26 years old
The Rental Market in Flat Rock (zip 48134)
- Renters make up 21.9% of the Flat Rock (zip 48134) population
- 0.9% of houses and apartments in Flat Rock (zip 48134), 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.