Zip 49885 (Skandia, MI) Housing

Skandia, MI is an attractive place to buy a home with its median value of $180,500. This is significantly lower than the US median house value, which stands at $338,100. Additionally, Skandia's housing appreciation rate over the last year was 12.90%, higher than the US average of 8.27%. This makes buying a house in Skandia a great long-term investment that will appreciate in value over time and yield great returns for any buyer.

The median home cost in Skandia (zip 49885) is $180,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Skandia (zip 49885) is up 23.1%.

Average Age of Homes

- The median age of Skandia (zip 49885) real estate is 45 years old

The Rental Market in Skandia (zip 49885)

- Renters make up 6.8% of the Skandia (zip 49885) population
- 1.6% of houses and apartments in Skandia (zip 49885), 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	Skandia, Michigan	United States
	1,073.0	139,647,020.0
	47	42
	$180,500	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$11.17	$10.98
	$1,339	$2,690
	61.2%	57.4%
	37.3%	11.2%
	1.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	2.5%	0.7%
	0.0%	0.4%
	26.7%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	8.2%	2.4%
	5.3%	2.8%
	5.2%	3.9%
	4.1%	4.5%
	15.4%	11.3%
	23.1%	13.0%
	27.2%	20.1%
	5.6%	13.6%
	3.3%	8.3%
	1.5%	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%
	6.0%	13.6%
	6.0%	13.6%
	9.2%	13.6%
	12.3%	13.2%
	32.1%	14.8%
	9.2%	13.6%
	6.9%	10.0%
	5.8%	4.7%
	10.1%	12.2%

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