Zip 48138 (Grosse Ile, MI) Housing

Grosse Ile, MI 48138 is a great place to live if you're looking for an area with excellent housing. The median value of housing in Grosse Ile is $352,600, which is higher than the national median house value of $338,100. Furthermore, over the past year there has been an 8.47% appreciation in housing prices in the area, this is greater than the 1-year US house appreciation rate of 8.27%. This demonstrates that Grosse Ile is a desirable community and provides good investment opportunities in the housing market.

The median home cost in Grosse Ile (zip 48138) is $352,600. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Grosse Ile (zip 48138) is up 13.1%.

Average Age of Homes

- The median age of Grosse Ile (zip 48138) real estate is 48 years old

The Rental Market in Grosse Ile (zip 48138)

- Renters make up 11.8% of the Grosse Ile (zip 48138) population
- 1.4% of houses and apartments in Grosse Ile (zip 48138), 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	Grosse Ile, Michigan	United States
	4,500.0	139,647,020.0
	47	42
	$352,600	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$18.19	$10.98
	$5,560	$2,690
	86.0%	57.4%
	5.8%	11.2%
	8.2%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.3%	2.4%
	0.6%	2.8%
	2.0%	3.9%
	1.1%	4.5%
	6.4%	11.3%
	9.3%	13.0%
	28.2%	20.1%
	23.0%	13.6%
	13.6%	8.3%
	8.9%	9.7%
	4.7%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	18.4%	13.6%
	14.0%	13.2%
	19.3%	14.8%
	18.4%	13.6%
	11.5%	10.0%
	4.3%	4.7%
	11.7%	12.2%

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