Zip 48164 (New Boston, MI) Housing

The housing market in 48164 New Boston, MI is currently extremely desirable. The median value of a house in the area is $291,700 which is lower than the national median house value of $338,100. However, the one year house appreciation rate in 48164 New Boston, MI is 8.47%, slightly higher than the national average of 8.27%. This makes this particular zip code an attractive option for those looking to buy a home and reap the rewards of increased asset value over time.

The median home cost in New Boston (zip 48164) is $291,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in New Boston (zip 48164) is up 13.1%.

Average Age of Homes

- The median age of New Boston (zip 48164) real estate is 26 years old

The Rental Market in New Boston (zip 48164)

- Renters make up 10.9% of the New Boston (zip 48164) population
- 0.0% of houses and apartments in New Boston (zip 48164), 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 Boston, Michigan	United States
	3,429.0	139,647,020.0
	29	42
	$291,700	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$15.59	$10.98
	$3,978	$2,690
	89.4%	57.4%
	6.9%	11.2%
	3.7%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.7%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	2.2%	2.4%
	2.0%	2.8%
	3.7%	3.9%
	3.9%	4.5%
	6.8%	11.3%
	17.4%	13.0%
	33.4%	20.1%
	23.4%	13.6%
	5.7%	8.3%
	1.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	23.8%	13.6%
	23.8%	13.6%
	27.3%	13.6%
	4.3%	13.2%
	8.5%	14.8%
	27.3%	13.6%
	14.2%	10.0%
	6.0%	4.7%
	7.9%	12.2%

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