Zip 48059 (Fort Gratiot, MI) Housing

The housing median value in Fort Gratiot, MI (zip code 48059) is $217,000, which is significantly lower than the US House Median Value of $338,100. This difference may be explained by the fact that in the past year, US housing appreciated at 8.27%, while in Fort Gratiot, MI it was 7.58%. Despite this slightly lower rate of appreciation, living in Fort Gratiot is still a great value since it has a lower median home cost than elsewhere in the country.

The median home cost in Fort Gratiot (zip 48059) is $217,000. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Fort Gratiot (zip 48059) is up 10.8%.

Average Age of Homes

- The median age of Fort Gratiot (zip 48059) real estate is 38 years old

The Rental Market in Fort Gratiot (zip 48059)

- Renters make up 21.8% of the Fort Gratiot (zip 48059) population
- 1.2% of houses and apartments in Fort Gratiot (zip 48059), 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	Fort Gratiot, Michigan	United States
	6,912.0	139,647,020.0
	43	42
	$217,000	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$13.10	$10.98
	$2,192	$2,690
	72.7%	57.4%
	11.3%	11.2%
	16.0%	31.4%
Vacant Housing
	1.2%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	5.9%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	7.0%	2.6%
	2.3%	2.4%
	1.9%	2.8%
	5.2%	3.9%
	4.4%	4.5%
	20.3%	11.3%
	20.4%	13.0%
	22.0%	20.1%
	9.1%	13.6%
	1.4%	8.3%
	2.9%	9.7%
	1.2%	3.9%
	0.9%	2.2%
	1.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	14.3%	13.6%
	14.3%	13.6%
	17.5%	13.6%
	11.0%	13.2%
	12.6%	14.8%
	17.5%	13.6%
	15.3%	10.0%
	4.2%	4.7%
	8.9%	12.2%

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