Zip 48461 (North Branch, MI) Housing

Housing in 48461 North Branch, MI is significantly less expensive than the US House Median Value, with a Median Value of only $212,800. Despite this lower value, 48461 North Branch still saw an increase in house appreciation over the last year, rising 6.41% compared to the 8.27% in the US House Appreciation rate. This indicates that housing prices in 48461 North Branch are still seeing growth and may continue to do so in the coming months and years.

The median home cost in North Branch (zip 48461) is $212,800. Home appreciation the last 10 years has been 118.0%. Home Appreciation in North Branch (zip 48461) is up 12.8%.

Average Age of Homes

- The median age of North Branch (zip 48461) real estate is 38 years old

The Rental Market in North Branch (zip 48461)

- Renters make up 11.2% of the North Branch (zip 48461) population
- 0.6% of houses and apartments in North Branch (zip 48461), 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	North Branch, Michigan	United States
	3,183.0	139,647,020.0
	45	42
	$212,800	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$10.57	$10.98
	$1,775	$2,690
	81.7%	57.4%
	4.3%	11.2%
	14.1%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.7%	0.4%
	1.4%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.7%	2.4%
	2.6%	2.8%
	4.6%	3.9%
	8.8%	4.5%
	21.8%	11.3%
	20.4%	13.0%
	25.3%	20.1%
	6.7%	13.6%
	2.0%	8.3%
	4.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.7%	13.6%
	13.7%	13.6%
	16.1%	13.6%
	10.8%	13.2%
	24.9%	14.8%
	16.1%	13.6%
	7.0%	10.0%
	7.2%	4.7%
	12.1%	12.2%

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