Zip 48881 (Saranac, MI) Housing

Housing in 48881 Saranac, MI is quite desirable due to its median value of $230,800. Although this is significantly below the US House Median Value of $338,100, the 1 year appreciation rate of 8.98% is actually higher than the national average of 8.27%. This suggests that housing prices are likely to continue to increase over time in this area. With its great value and potential for appreciation, 48881 Saranac, MI is an excellent place to consider when it comes to purchasing a home.

The median home cost in Saranac (zip 48881) is $230,800. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Saranac (zip 48881) is up 12.2%.

Average Age of Homes

- The median age of Saranac (zip 48881) real estate is 42 years old

The Rental Market in Saranac (zip 48881)

- Renters make up 18.5% of the Saranac (zip 48881) population
- 0.1% of houses and apartments in Saranac (zip 48881), 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	Saranac, Michigan	United States
	2,178.0	139,647,020.0
	43	42
	$230,800	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$11.20	$10.98
	$1,890	$2,690
	78.9%	57.4%
	6.0%	11.2%
	15.1%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.4%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	4.7%	2.4%
	2.5%	2.8%
	5.8%	3.9%
	9.3%	4.5%
	17.1%	11.3%
	25.3%	13.0%
	25.5%	20.1%
	6.3%	13.6%
	1.1%	8.3%
	0.2%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.1%	13.6%
	9.1%	13.6%
	18.8%	13.6%
	15.0%	13.2%
	15.4%	14.8%
	18.8%	13.6%
	13.7%	10.0%
	4.1%	4.7%
	13.5%	12.2%

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