Zip 48747 (Munger, MI) Housing

The housing market in 48747 Munger, MI is performing better than the national average. The median value of houses in this area is $159,000, which is significantly lower than the US House Median Value of $338,100. Over the past year, house appreciation has increased 9.81% in 48747 Munger, MI compared to 8.27% nationally. This trend suggests that housing values are increasing not only at a faster rate in this area but also at a higher absolute level compared to the rest of the nation.

The median home cost in Munger (zip 48747) is $159,000. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Munger (zip 48747) is up 14.8%.

Average Age of Homes

- The median age of Munger (zip 48747) real estate is 50 years old

The Rental Market in Munger (zip 48747)

- Renters make up 6.7% of the Munger (zip 48747) population
- 0.0% of houses and apartments in Munger (zip 48747), 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	Munger, Michigan	United States
	651.0	139,647,020.0
	66	42
	$159,000	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$16.68	$10.98
	$1,967	$2,690
	84.0%	57.4%
	8.6%	11.2%
	7.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	4.1%	0.4%
	1.5%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	7.1%	2.4%
	1.5%	2.8%
	12.1%	3.9%
	17.7%	4.5%
	22.9%	11.3%
	18.5%	13.0%
	12.1%	20.1%
	2.6%	13.6%
	1.1%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	2.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	2.9%	13.6%
	3.8%	13.2%
	16.3%	14.8%
	2.9%	13.6%
	14.3%	10.0%
	9.7%	4.7%
	32.9%	12.2%

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