The housing market in 48047 New Baltimore, MI is quite attractive for those looking to buy or invest in real estate. According to recent data, the median value of a house in this area is $292,100, which is significantly lower than the US median value of $338,100. Furthermore, over the past year the appreciation rate for housing in 48047 New Baltimore was 7.58%, slightly below the national average of 8.27%. This demonstrates that homes here are increasing in value while still remaining affordable compared to other areas in the country. Therefore, this area should be considered an attractive option for those looking to buy or invest in real estate.
The median home cost in New Baltimore (zip 48047) is $292,100. Home appreciation the last 10 years has been 116.4%. Home Appreciation in New Baltimore (zip 48047) is up 10.8%.
Average Age of Homes
- The median age of New Baltimore (zip 48047) real estate is 26 years old
The Rental Market in New Baltimore (zip 48047)
- Renters make up 17.6% of the New Baltimore (zip 48047) population
- 0.3% of houses and apartments in New Baltimore (zip 48047), 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.