Zip 48760 (Silverwood, MI) Housing

The housing market in 48760 Silverwood, Michigan is quite strong. According to our data, the median value of a home in this area is $113,000, which is much lower than the US median value of $338,100. Furthermore, the appreciation rate for homes in Silverwood is 9.81%, which is higher than the national rate of 8.27%. This suggests that now is a great time to invest in real estate in Silverwood. With its low median values and high appreciation rates, Silverwood appears to be an ideal place to buy or sell a home.

The median home cost in Silverwood (zip 48760) is $113,000. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Silverwood (zip 48760) is up 14.8%.

Average Age of Homes

- The median age of Silverwood (zip 48760) real estate is 53 years old

The Rental Market in Silverwood (zip 48760)

- Renters make up 9.5% of the Silverwood (zip 48760) population
- 0.0% of houses and apartments in Silverwood (zip 48760), 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	Silverwood, Michigan	United States
	689.0	139,647,020.0
	58	42
	$113,000	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$11.87	$10.98
	$1,408	$2,690
	72.3%	57.4%
	21.3%	11.2%
	6.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.4%	0.4%
	16.7%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	6.8%	2.4%
	9.4%	2.8%
	17.5%	3.9%
	6.8%	4.5%
	17.9%	11.3%
	11.6%	13.0%
	8.0%	20.1%
	5.2%	13.6%
	0.0%	8.3%
	15.3%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	9.9%	13.6%
	4.6%	13.2%
	11.2%	14.8%
	9.9%	13.6%
	18.6%	10.0%
	1.9%	4.7%
	24.1%	12.2%

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