Zip 48075 (Southfield, MI) Housing

The housing market in Southfield, MI (48075) is generally lower than the national average. The median value of a home in Southfield is $205,000 compared to the US median of $338,100 and the appreciation rate over the past year has been 7.58% versus 8.27% nationally. Despite being below the national average, housing prices in Southfield have still seen steady growth over time. This makes it an attractive option for those looking for an affordable home with potential upside in appreciation value.

The median home cost in Southfield (zip 48075) is $205,000. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Southfield (zip 48075) is up 10.8%.

Average Age of Homes

- The median age of Southfield (zip 48075) real estate is 51 years old

The Rental Market in Southfield (zip 48075)

- Renters make up 34.3% of the Southfield (zip 48075) population
- 3.1% of houses and apartments in Southfield (zip 48075), 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
	10,351.0	139,647,020.0
	54	42
	$205,000	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$14.33	$10.98
	$3,517	$2,690
	52.6%	57.4%
	6.7%	11.2%
	40.7%	31.4%
Vacant Housing
	3.1%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	2.4%	2.4%
	2.1%	2.8%
	5.1%	3.9%
	8.4%	4.5%
	16.7%	11.3%
	29.0%	13.0%
	26.0%	20.1%
	6.3%	13.6%
	1.3%	8.3%
	0.4%	9.7%
	0.5%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.7%	13.6%
	6.7%	13.6%
	5.6%	13.6%
	6.1%	13.2%
	22.8%	14.8%
	5.6%	13.6%
	20.0%	10.0%
	7.0%	4.7%
	1.8%	12.2%

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