Manchester, MI (48158) is an area that has experienced an above average appreciation in housing over the past year. With a median house value of $283,600, it is significantly lower than the US national average of $338,100. Despite this difference in value, Manchester houses have seen 8.47% appreciation over the last year compared to the US nationwide rate of 8.27% - a difference of 0.2%. This shows that home values in Manchester are beginning to trend upwards and could be a good place for those looking to invest in real estate or buy their first home.
The median home cost in Manchester (zip 48158) is $283,600. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Manchester (zip 48158) is up 13.1%.
Average Age of Homes
- The median age of Manchester (zip 48158) real estate is 41 years old
The Rental Market in Manchester (zip 48158)
- Renters make up 12.3% of the Manchester (zip 48158) population
- 0.5% of houses and apartments in Manchester (zip 48158), 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.