Zip 48173 (Gibraltar, MI) Housing

Gibraltar, MI is a beautiful place to call home and the housing prices reflect that. The median value of homes in Gibraltar is $235,900, which is significantly below the US House Median of $338,100. However, the 1 year house appreciation in Gibraltar is 8.47%, which is slightly higher than the US average of 8.27%. This demonstrates that while house values may be lower than the US average, they are still steadily increasing in value over time.

The median home cost in Gibraltar (zip 48173) is $235,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Gibraltar (zip 48173) is up 13.1%.

Average Age of Homes

- The median age of Gibraltar (zip 48173) real estate is 43 years old

The Rental Market in Gibraltar (zip 48173)

- Renters make up 16.7% of the Gibraltar (zip 48173) population
- 0.8% of houses and apartments in Gibraltar (zip 48173), 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	Gibraltar, Michigan	United States
	5,118.0	139,647,020.0
	45	42
	$235,900	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$20.24	$10.98
	$3,783	$2,690
	81.1%	57.4%
	4.4%	11.2%
	14.5%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	1.2%	0.4%
	0.1%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.7%	2.4%
	5.0%	2.8%
	3.8%	3.9%
	5.8%	4.5%
	17.6%	11.3%
	18.7%	13.0%
	27.4%	20.1%
	15.8%	13.6%
	1.4%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	26.1%	13.6%
	26.1%	13.6%
	12.4%	13.6%
	4.1%	13.2%
	13.0%	14.8%
	12.4%	13.6%
	14.3%	10.0%
	4.6%	4.7%
	11.9%	12.2%

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