Zip 48884 (Sheridan, MI) Housing

The housing market in 48884 Sheridan, MI is healthy and growing. The median house value in this area is $172,300, which is much lower than the US median house value of $338,100. In the past year, house appreciation in 48884 Sheridan has been 8.98%, higher than the national average of 8.27%. This shows that the housing market is still strong and is expected to continue to rise in value over time. With a very affordable median price point and increasing appreciation rates, 48884 Sheridan is an attractive destination for potential homebuyers.

The median home cost in Sheridan (zip 48884) is $172,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Sheridan (zip 48884) is up 12.2%.

Average Age of Homes

- The median age of Sheridan (zip 48884) real estate is 37 years old

The Rental Market in Sheridan (zip 48884)

- Renters make up 16.2% of the Sheridan (zip 48884) population
- 1.1% of houses and apartments in Sheridan (zip 48884), 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	Sheridan, Michigan	United States
	1,950.0	139,647,020.0
	44	42
	$172,300	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$12.77	$10.98
	$1,594	$2,690
	77.0%	57.4%
	15.5%	11.2%
	7.4%	31.4%
Vacant Housing
	1.1%	1.9%
	1.2%	0.4%
	0.7%	0.7%
	2.7%	0.4%
	9.7%	3.6%
	0.1%	4.1%
Value of Owner-Occupied Housing
	5.7%	2.6%
	2.3%	2.4%
	6.8%	2.8%
	11.3%	3.9%
	9.7%	4.5%
	22.6%	11.3%
	17.6%	13.0%
	17.0%	20.1%
	4.4%	13.6%
	1.2%	8.3%
	0.4%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.3%	13.6%
	13.3%	13.6%
	16.5%	13.6%
	14.0%	13.2%
	18.4%	14.8%
	16.5%	13.6%
	11.1%	10.0%
	4.3%	4.7%
	14.1%	12.2%

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