Zip 48051 (New Baltimore, MI) Housing

The housing median value in 48051 New Baltimore, MI is $261,600, which is slightly lower than the US House Median Value of $338,100. The one year house appreciation rate in 48051 New Baltimore, MI is 7.58%, which is lower than the US 1 year House Appreciation rate of 8.27%. This suggests that while the housing values in 48051 New Baltimore, MI may be a bit lower than the national average, they are still appreciating at a healthy rate.

The median home cost in New Baltimore (zip 48051) is $261,600. Home appreciation the last 10 years has been 116.4%. Home Appreciation in New Baltimore (zip 48051) is up 10.8%.

Average Age of Homes

- The median age of New Baltimore (zip 48051) real estate is 24 years old

The Rental Market in New Baltimore (zip 48051)

- Renters make up 16.7% of the New Baltimore (zip 48051) population
- 0.6% of houses and apartments in New Baltimore (zip 48051), 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	New Baltimore, Michigan	United States
	6,816.0	139,647,020.0
	26	42
	$261,600	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$14.28	$10.98
	$2,954	$2,690
	81.2%	57.4%
	3.5%	11.2%
	15.3%	31.4%
Vacant Housing
	0.6%	1.9%
	0.2%	0.4%
	1.9%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	13.2%	2.6%
	4.2%	2.4%
	0.5%	2.8%
	0.7%	3.9%
	0.3%	4.5%
	8.8%	11.3%
	18.7%	13.0%
	39.7%	20.1%
	9.6%	13.6%
	3.4%	8.3%
	0.7%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.1%	0.2%
	23.5%	13.6%
	23.5%	13.6%
	31.8%	13.6%
	15.6%	13.2%
	6.4%	14.8%
	31.8%	13.6%
	6.6%	10.0%
	0.2%	4.7%
	1.1%	12.2%

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