Zip 48628 (Hope, MI) Housing

The housing market in 48628 Hope, MI is thriving. The median value of a house in this area is $171,400, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in 48628 Hope, MI is 9.86%, higher than the US average of 8.27% over one year. This indicates that the housing market in 48628 Hope, MI is well above average and provides a great opportunity for potential buyers and investors alike.

The median home cost in Hope (zip 48628) is $171,400. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Hope (zip 48628) is up 15.7%.

Average Age of Homes

- The median age of Hope (zip 48628) real estate is 39 years old

The Rental Market in Hope (zip 48628)

- Renters make up 8.5% of the Hope (zip 48628) population
- 0.0% of houses and apartments in Hope (zip 48628), 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	Hope, Michigan	United States
	1,079.0	139,647,020.0
	41	42
	$171,400	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$17.18	$10.98
	$2,588	$2,690
	72.2%	57.4%
	24.0%	11.2%
	3.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.0%	0.4%
	19.4%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	4.0%	2.4%
	6.9%	2.8%
	6.5%	3.9%
	7.6%	4.5%
	22.6%	11.3%
	23.2%	13.0%
	14.6%	20.1%
	5.3%	13.6%
	5.5%	8.3%
	0.6%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.0%	13.6%
	16.0%	13.6%
	12.9%	13.6%
	15.5%	13.2%
	16.8%	14.8%
	12.9%	13.6%
	8.8%	10.0%
	1.9%	4.7%
	10.6%	12.2%

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