Zip 48381 (Milford, MI) Housing

The housing market in 48381 Milford, MI is flourishing. The median value of a house in Milford is $395,300 which is higher than the national median value of $338,100. Moreover, the appreciation rate of houses in the area was 8.00%, which is just below the US 1 year appreciation rate of 8.27%. This shows that Milford has been doing better than other areas across the country with regards to property values and appreciation rates. It is a great time to invest in property in this growing market.

The median home cost in Milford (zip 48381) is $395,300. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Milford (zip 48381) is up 11.2%.

Average Age of Homes

- The median age of Milford (zip 48381) real estate is 34 years old

The Rental Market in Milford (zip 48381)

- Renters make up 21.3% of the Milford (zip 48381) population
- 0.8% of houses and apartments in Milford (zip 48381), 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	Milford, Michigan	United States
	5,759.0	139,647,020.0
	34	42
	$395,300	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$13.72	$10.98
	$4,630	$2,690
	77.4%	57.4%
	4.9%	11.2%
	17.7%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	2.4%	2.4%
	1.4%	2.8%
	0.6%	3.9%
	0.4%	4.5%
	1.8%	11.3%
	7.9%	13.0%
	20.0%	20.1%
	32.1%	13.6%
	16.9%	8.3%
	9.4%	9.7%
	2.8%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	9.4%	13.6%
	9.4%	13.6%
	21.1%	13.6%
	17.9%	13.2%
	12.7%	14.8%
	21.1%	13.6%
	7.6%	10.0%
	2.5%	4.7%
	9.6%	12.2%

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