Zip 48033 (Southfield, MI) Housing

The housing market in Southfield, MI (48033) is a great opportunity to purchase and own property. The median value of homes in Southfield is $200,900, which is significantly lower than the US house median value of $338,100. Even though the one year appreciation rate for houses in Southfield is 7.58%, lower than the US average of 8.27%, it still presents a sound long-term investment opportunity as prices are expected to rise further over time.

The median home cost in Southfield (zip 48033) is $200,900. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Southfield (zip 48033) is up 10.8%.

Average Age of Homes

- The median age of Southfield (zip 48033) real estate is 46 years old

The Rental Market in Southfield (zip 48033)

- Renters make up 53.8% of the Southfield (zip 48033) population
- 5.1% of houses and apartments in Southfield (zip 48033), 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	Southfield, Michigan	United States
	8,541.0	139,647,020.0
	49	42
	$200,900	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$14.33	$10.98
	$3,239	$2,690
	44.7%	57.4%
	10.7%	11.2%
	44.7%	31.4%
Vacant Housing
	5.1%	1.9%
	1.2%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.5%	2.4%
	3.2%	2.8%
	7.7%	3.9%
	7.3%	4.5%
	22.3%	11.3%
	31.2%	13.0%
	19.1%	20.1%
	6.8%	13.6%
	0.9%	8.3%
	0.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.8%	13.6%
	0.8%	13.6%
	6.9%	13.6%
	11.0%	13.2%
	35.8%	14.8%
	6.9%	13.6%
	17.4%	10.0%
	7.0%	4.7%
	5.3%	12.2%

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