Zip 49072 (Mendon, MI) Housing

Housing in Mendon, MI (49072) is currently below the median value for the United States as a whole. The median housing value in Mendon is $163,600, compared to the overall US median of $338,100. However, what Mendon lacks in median value it makes up for with appreciation rate; over the past year, houses in Mendon have appreciated by 10.54%, exceeding the national average of 8.27%. This makes Mendon a great choice for those looking to invest in real estate and benefit from strong returns down the line.

The median home cost in Mendon (zip 49072) is $163,600. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Mendon (zip 49072) is up 14.9%.

Average Age of Homes

- The median age of Mendon (zip 49072) real estate is 48 years old

The Rental Market in Mendon (zip 49072)

- Renters make up 13.9% of the Mendon (zip 49072) population
- 0.0% of houses and apartments in Mendon (zip 49072), 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	Mendon, Michigan	United States
	1,348.0	139,647,020.0
	54	42
	$163,600	$338,100
	14.9%	16.6%
	56.2%	57.0%
	90.4%	101.1%
	$10.66	$10.98
	$1,508	$2,690
	75.9%	57.4%
	16.0%	11.2%
	8.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.6%	0.7%
	1.9%	0.4%
	7.6%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	4.2%	2.4%
	7.5%	2.8%
	5.9%	3.9%
	12.6%	4.5%
	26.5%	11.3%
	12.7%	13.0%
	15.3%	20.1%
	13.3%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	1.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.9%	13.6%
	2.9%	13.6%
	17.1%	13.6%
	5.9%	13.2%
	20.3%	14.8%
	17.1%	13.6%
	10.4%	10.0%
	2.2%	4.7%
	31.8%	12.2%

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