Zip 49640 (Honor, MI) Housing

Housing in Honor, MI (49640) is relatively more expensive than the national median house value of $338,100, coming in at $315,200. This increase is largely driven by the strong appreciation rate of 15.49% over the past year, which far surpasses the national average of 8.27%. As a result of this increased demand for housing and stable economic conditions, Honor is an attractive option for potential home buyers looking to invest in a place with an appreciating market.

The median home cost in Honor (zip 49640) is $315,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Honor (zip 49640) is up 19.8%.

Average Age of Homes

- The median age of Honor (zip 49640) real estate is 39 years old

The Rental Market in Honor (zip 49640)

- Renters make up 7.6% of the Honor (zip 49640) population
- 0.8% of houses and apartments in Honor (zip 49640), 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	Honor, Michigan	United States
	1,309.0	139,647,020.0
	47	42
	$315,200	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$8.33	$10.98
	$2,196	$2,690
	40.2%	57.4%
	58.1%	11.2%
	1.8%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.2%	0.4%
	52.2%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.4%	2.4%
	1.9%	2.8%
	3.6%	3.9%
	4.4%	4.5%
	9.9%	11.3%
	12.5%	13.0%
	23.6%	20.1%
	20.7%	13.6%
	8.9%	8.3%
	8.4%	9.7%
	4.4%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.0%	13.6%
	10.0%	13.6%
	14.8%	13.6%
	9.9%	13.2%
	15.7%	14.8%
	14.8%	13.6%
	9.5%	10.0%
	7.2%	4.7%
	10.5%	12.2%

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