Zip 48636 (Luzerne, MI) Housing

The housing market in 48636 Luzerne, MI is a strong one with a median value of $88,900. Compared to the US House Median Value of $338,100, this is quite lower. However, the one-year house appreciation in 48636 Luzerne, MI is 9.86%, which is higher than the US’s 8.27%. This demonstrates that the housing market in this area is growing and increasing in value at a faster rate than many other areas across the country. It appears that investing in real estate in this area would be a wise decision for potential buyers and sellers alike.

The median home cost in Luzerne (zip 48636) is $88,900. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Luzerne (zip 48636) is up 15.7%.

Average Age of Homes

- The median age of Luzerne (zip 48636) real estate is 47 years old

The Rental Market in Luzerne (zip 48636)

- Renters make up 1.9% of the Luzerne (zip 48636) population
- 0.0% of houses and apartments in Luzerne (zip 48636), 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	Luzerne, Michigan	United States
	981.0	139,647,020.0
	50	42
	$88,900	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$11.38	$10.98
	$916	$2,690
	32.7%	57.4%
	64.3%	11.2%
	3.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	60.2%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	11.8%	2.6%
	10.3%	2.4%
	16.8%	2.8%
	10.6%	3.9%
	16.2%	4.5%
	9.7%	11.3%
	4.1%	13.0%
	15.6%	20.1%
	1.9%	13.6%
	1.2%	8.3%
	0.0%	9.7%
	1.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.4%	13.6%
	10.4%	13.6%
	10.8%	13.6%
	9.7%	13.2%
	21.3%	14.8%
	10.8%	13.6%
	15.1%	10.0%
	11.4%	4.7%
	2.8%	12.2%

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