Zip 49331 (Lowell, MI) Housing

The housing market in Lowell, MI (49331) is currently performing higher than the national average. The median house value in Lowell is $311,400, which is around 9% lower than the US median house value of $338,100. However, over the past year Lowell has seen a 12.54% increase in home values compared to the 8.27% national house appreciation over the same period. This shows that there are strong gains being made in the area's local housing market and could indicate potential for further growth.

The median home cost in Lowell (zip 49331) is $311,400. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Lowell (zip 49331) is up 16.2%.

Average Age of Homes

- The median age of Lowell (zip 49331) real estate is 37 years old

The Rental Market in Lowell (zip 49331)

- Renters make up 14.9% of the Lowell (zip 49331) population
- 0.0% of houses and apartments in Lowell (zip 49331), 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	Lowell, Michigan	United States
	6,796.0	139,647,020.0
	39	42
	$311,400	$338,100
	16.2%	16.6%
	62.1%	57.0%
	120.9%	101.1%
	$11.91	$10.98
	$2,917	$2,690
	82.2%	57.4%
	2.9%	11.2%
	15.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.7%	0.4%
	0.5%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	0.6%	2.4%
	1.2%	2.8%
	0.9%	3.9%
	1.3%	4.5%
	10.1%	11.3%
	16.9%	13.0%
	32.0%	20.1%
	15.9%	13.6%
	9.8%	8.3%
	4.8%	9.7%
	1.3%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	17.0%	13.6%
	10.7%	13.2%
	21.0%	14.8%
	17.0%	13.6%
	3.9%	10.0%
	2.5%	4.7%
	9.8%	12.2%

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