Zip 48857 (Morrice, MI) Housing

The housing market in 48857 Morrice, MI is thriving. The median value of homes in the area is $186,300 which is lower than the US House Median Value of $338,100. Over the past year, house values have appreciated by 8.98%, which is just slightly higher than the national average of 8.27%. This indicates that 48857 Morrice has a strong housing market and that now may be a great time to invest in real estate there.

The median home cost in Morrice (zip 48857) is $186,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Morrice (zip 48857) is up 12.2%.

Average Age of Homes

- The median age of Morrice (zip 48857) real estate is 35 years old

The Rental Market in Morrice (zip 48857)

- Renters make up 8.8% of the Morrice (zip 48857) population
- 0.5% of houses and apartments in Morrice (zip 48857), 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	Morrice, Michigan	United States
	1,349.0	139,647,020.0
	42	42
	$186,300	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$15.54	$10.98
	$1,773	$2,690
	80.7%	57.4%
	5.3%	11.2%
	14.0%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	3.0%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	11.9%	2.4%
	4.1%	2.8%
	4.1%	3.9%
	17.6%	4.5%
	27.5%	11.3%
	18.1%	13.0%
	9.0%	20.1%
	2.1%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	0.4%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.0%	13.6%
	18.0%	13.6%
	20.8%	13.6%
	9.3%	13.2%
	8.1%	14.8%
	20.8%	13.6%
	11.8%	10.0%
	2.0%	4.7%
	20.2%	12.2%

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