Zip 48837 (Grand Ledge, MI) Housing

Housing in 48837 Grand Ledge, MI is quite desirable with a median value of $250,400. This number is significantly lower than the US house median value of $338,100, making it an attractive option for potential home buyers. Additionally, the US 1 year house appreciation rate is 8.27%, while the 1 year rate in 48837 Grand Ledge, MI was 8.98%. This higher rate suggests that property values in this area are on the rise and a wise investment for people looking to buy a home in the area.

The median home cost in Grand Ledge (zip 48837) is $250,400. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Grand Ledge (zip 48837) is up 12.2%.

Average Age of Homes

- The median age of Grand Ledge (zip 48837) real estate is 42 years old

The Rental Market in Grand Ledge (zip 48837)

- Renters make up 18.5% of the Grand Ledge (zip 48837) population
- 0.9% of houses and apartments in Grand Ledge (zip 48837), 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	Grand Ledge, Michigan	United States
	8,808.0	139,647,020.0
	45	42
	$250,400	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$15.75	$10.98
	$3,196	$2,690
	78.7%	57.4%
	2.6%	11.2%
	18.7%	31.4%
Vacant Housing
	0.9%	1.9%
	0.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	0.3%	2.4%
	0.5%	2.8%
	1.3%	3.9%
	2.7%	4.5%
	17.2%	11.3%
	22.5%	13.0%
	34.3%	20.1%
	12.8%	13.6%
	3.4%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.3%	13.6%
	12.3%	13.6%
	13.7%	13.6%
	12.1%	13.2%
	18.9%	14.8%
	13.7%	13.6%
	7.8%	10.0%
	4.0%	4.7%
	13.3%	12.2%

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