Zip 48866 (Ovid, MI) Housing

The housing market in 48866 Ovid, MI is doing well. The median value of housing in the area is $171,000, which is lower than the US median value of $338,100. In the past year, house appreciation rates have increased by 8.98%, which is slightly higher than the national average of 8.27%. This suggests that housing in this area is a wise investment for potential homebuyers as it has good prospects for growth over time.

The median home cost in Ovid (zip 48866) is $171,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Ovid (zip 48866) is up 12.2%.

Average Age of Homes

- The median age of Ovid (zip 48866) real estate is 48 years old

The Rental Market in Ovid (zip 48866)

- Renters make up 15.0% of the Ovid (zip 48866) population
- 0.6% of houses and apartments in Ovid (zip 48866), 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	Ovid, Michigan	United States
	1,841.0	139,647,020.0
	50	42
	$171,000	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$12.58	$10.98
	$1,726	$2,690
	77.5%	57.4%
	6.1%	11.2%
	16.5%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	2.0%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	2.7%	2.4%
	6.0%	2.8%
	11.3%	3.9%
	9.2%	4.5%
	22.8%	11.3%
	22.5%	13.0%
	14.9%	20.1%
	3.9%	13.6%
	0.5%	8.3%
	1.5%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.5%	13.6%
	7.5%	13.6%
	17.5%	13.6%
	8.4%	13.2%
	17.9%	14.8%
	17.5%	13.6%
	5.0%	10.0%
	7.6%	4.7%
	24.1%	12.2%

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