Zip 48195 (Southgate, MI) Housing

The housing median value in 48195 Southgate, MI is $160,000, which is lower than the US House Median Value of $338,100. However, house appreciation in this area is higher than the one-year US House Appreciation rate of 8.27%, currently standing at 8.47%. This means that despite the lower median value for homes in this area, they are still appreciating in value more quickly than the national average.

The median home cost in Southgate (zip 48195) is $160,000. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Southgate (zip 48195) is up 13.1%.

Average Age of Homes

- The median age of Southgate (zip 48195) real estate is 56 years old

The Rental Market in Southgate (zip 48195)

- Renters make up 34.2% of the Southgate (zip 48195) population
- 1.9% of houses and apartments in Southgate (zip 48195), 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	Southgate, Michigan	United States
	13,375.0	139,647,020.0
	60	42
	$160,000	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$21.40	$10.98
	$2,853	$2,690
	63.3%	57.4%
	6.0%	11.2%
	30.7%	31.4%
Vacant Housing
	1.9%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	1.0%	2.4%
	3.0%	2.8%
	7.3%	3.9%
	13.2%	4.5%
	35.6%	11.3%
	21.8%	13.0%
	12.3%	20.1%
	3.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	5.8%	13.6%
	7.4%	13.2%
	17.2%	14.8%
	5.8%	13.6%
	34.8%	10.0%
	10.5%	4.7%
	3.0%	12.2%

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