Zip 48864 (Okemos, MI) Housing

Housing in 48864 Okemos, MI is a great deal for prospective buyers. The median value of homes in the area is $336,800, which is just slightly below the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27% and in 48864 Okemos, MI it's 8.98%, making it an even better deal for homeowners. With this kind of appreciation rate, homeowners can expect their investment to grow at a faster rate than the US average, making it a great option for those looking to invest in housing.

The median home cost in Okemos (zip 48864) is $336,800. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Okemos (zip 48864) is up 12.2%.

Average Age of Homes

- The median age of Okemos (zip 48864) real estate is 35 years old

The Rental Market in Okemos (zip 48864)

- Renters make up 33.7% of the Okemos (zip 48864) population
- 2.9% of houses and apartments in Okemos (zip 48864), 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	Okemos, Michigan	United States
	9,503.0	139,647,020.0
	38	42
	$336,800	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$21.19	$10.98
	$6,163	$2,690
	59.4%	57.4%
	6.2%	11.2%
	34.4%	31.4%
Vacant Housing
	2.9%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.7%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.8%	2.4%
	0.4%	2.8%
	0.7%	3.9%
	0.5%	4.5%
	4.7%	11.3%
	11.5%	13.0%
	34.0%	20.1%
	23.4%	13.6%
	11.0%	8.3%
	9.9%	9.7%
	1.7%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	7.6%	13.6%
	7.6%	13.6%
	17.9%	13.6%
	21.3%	13.2%
	17.0%	14.8%
	17.9%	13.6%
	7.3%	10.0%
	1.5%	4.7%
	4.0%	12.2%