Zip 49120 (Niles, MI) Housing

The housing market in 49120 Niles, MI is doing very well. The median value of a house in the area is $159,000, which is lower than the US median home value of $338,100. On top of that, the area has seen a 1 year house appreciation rate of 11.06%, which is considerably higher than the national average appreciation rate of 8.27%. This data suggests that the housing market in Niles, MI is strong and growing even stronger each year.

The median home cost in Niles (zip 49120) is $159,000. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Niles (zip 49120) is up 19.5%.

Average Age of Homes

- The median age of Niles (zip 49120) real estate is 52 years old

The Rental Market in Niles (zip 49120)

- Renters make up 21.1% of the Niles (zip 49120) population
- 1.4% of houses and apartments in Niles (zip 49120), 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	Niles, Michigan	United States
	15,760.0	139,647,020.0
	58	42
	$159,000	$338,100
	19.5%	16.6%
	59.8%	57.0%
	85.3%	101.1%
	$12.17	$10.98
	$1,554	$2,690
	70.7%	57.4%
	7.8%	11.2%
	21.6%	31.4%
Vacant Housing
	1.4%	1.9%
	0.2%	0.4%
	1.6%	0.7%
	0.3%	0.4%
	1.7%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	4.4%	2.4%
	4.0%	2.8%
	10.4%	3.9%
	13.8%	4.5%
	22.6%	11.3%
	14.8%	13.0%
	14.5%	20.1%
	5.0%	13.6%
	2.6%	8.3%
	2.6%	9.7%
	1.9%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.9%	13.6%
	11.9%	13.6%
	8.5%	13.6%
	7.1%	13.2%
	12.7%	14.8%
	8.5%	13.6%
	19.9%	10.0%
	9.0%	4.7%
	17.2%	12.2%

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