Zip 48748 (Sand Lake, MI) Housing

The housing market in 48748 Sand Lake, MI is doing well. The median value of a house in the area is $115,900, which is much lower than the US median value of $338,100. Furthermore, the one year appreciation rate for houses in this area is 9.81%, higher than the national rate of 8.27%. This suggests that houses in 48748 Sand Lake, MI are becoming more valuable at a faster rate than the national average. With such attractive prices and rapid appreciation rates, it's no wonder that many people want to buy or invest in housing here.

The median home cost in Sand Lake (zip 48748) is $115,900. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Sand Lake (zip 48748) is up 14.8%.

Average Age of Homes

- The median age of Sand Lake (zip 48748) real estate is 49 years old

The Rental Market in Sand Lake (zip 48748)

- Renters make up 4.6% of the Sand Lake (zip 48748) population
- 0.9% of houses and apartments in Sand Lake (zip 48748), 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	Sand Lake, Michigan	United States
	1,754.0	139,647,020.0
	52	42
	$115,900	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$10.42	$10.98
	$1,031	$2,690
	35.4%	57.4%
	61.8%	11.2%
	2.8%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	1.6%	0.4%
	55.8%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	4.3%	2.4%
	19.5%	2.8%
	9.5%	3.9%
	12.6%	4.5%
	20.5%	11.3%
	9.8%	13.0%
	12.6%	20.1%
	2.7%	13.6%
	3.1%	8.3%
	0.8%	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%
	5.1%	13.6%
	5.1%	13.6%
	12.7%	13.6%
	8.9%	13.2%
	18.1%	14.8%
	12.7%	13.6%
	17.8%	10.0%
	8.3%	4.7%
	3.4%	12.2%

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