Zip 48458 (Mount Morris, MI) Housing

The housing market in 48458 Mount Morris, MI is quite healthy. According to the median value for the area, homes are valued at $95,900. This is nearly a third of the national median home price of $338,100. The one year appreciation rate for homes in the area stands at 6.41%, lower than the U.S average of 8.27%. Though lower than the national average, this still indicates a healthy real estate market where prices are increasing steadily over time.

The median home cost in Mount Morris (zip 48458) is $95,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Mount Morris (zip 48458) is up 12.8%.

Average Age of Homes

- The median age of Mount Morris (zip 48458) real estate is 50 years old

The Rental Market in Mount Morris (zip 48458)

- Renters make up 23.6% of the Mount Morris (zip 48458) population
- 1.9% of houses and apartments in Mount Morris (zip 48458), 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	Mount Morris, Michigan	United States
	8,897.0	139,647,020.0
	56	42
	$95,900	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$16.13	$10.98
	$1,392	$2,690
	59.0%	57.4%
	12.8%	11.2%
	28.1%	31.4%
Vacant Housing
	1.9%	1.9%
	0.2%	0.4%
	0.2%	0.7%
	0.5%	0.4%
	0.4%	3.6%
	9.5%	4.1%
Value of Owner-Occupied Housing
	17.9%	2.6%
	11.1%	2.4%
	14.5%	2.8%
	12.6%	3.9%
	13.1%	4.5%
	14.7%	11.3%
	11.4%	13.0%
	3.2%	20.1%
	0.6%	13.6%
	0.0%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	6.6%	13.6%
	9.4%	13.2%
	18.2%	14.8%
	6.6%	13.6%
	17.7%	10.0%
	7.4%	4.7%
	13.3%	12.2%

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