Zip 48470 (Ruth, MI) Housing

The median value of housing in 48470 Ruth, MI is $151,500, which is significantly lower than the national median value of $338,100. The US has seen an 8.27% appreciation rate in house values over the past year, but in 48470 Ruth, MI the appreciation rate over the same period is 6.41%. This difference in appreciation rates could indicate that this region's housing market is not as strong as other areas of the country.

The median home cost in Ruth (zip 48470) is $151,500. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Ruth (zip 48470) is up 12.8%.

Average Age of Homes

- The median age of Ruth (zip 48470) real estate is 51 years old

The Rental Market in Ruth (zip 48470)

- Renters make up 10.5% of the Ruth (zip 48470) population
- 0.0% of houses and apartments in Ruth (zip 48470), 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	Ruth, Michigan	United States
	317.0	139,647,020.0
	64	42
	$151,500	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$13.87	$10.98
	$1,381	$2,690
	72.6%	57.4%
	12.3%	11.2%
	15.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	9.1%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	3.5%	2.4%
	13.5%	2.8%
	10.9%	3.9%
	10.4%	4.5%
	13.5%	11.3%
	17.8%	13.0%
	13.5%	20.1%
	6.5%	13.6%
	1.3%	8.3%
	6.1%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	5.4%	13.6%
	5.0%	13.2%
	20.8%	14.8%
	5.4%	13.6%
	16.4%	10.0%
	8.2%	4.7%
	29.7%	12.2%

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