Zip 48762 (Spruce, MI) Housing

The housing market in 48762 Spruce, MI has seen a dramatic increase in value over the last year. The median value of homes in this area is currently at $150,100, which is much lower than the US median of $338,100. However, while the US house appreciation rate over the past year was 8.27%, homes in this area appreciated at an even higher rate of 9.81%. This is likely due to the fact that Spruce, MI offers plenty of amenities and attractions and continues to be a desirable place to live.

The median home cost in Spruce (zip 48762) is $150,100. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Spruce (zip 48762) is up 14.8%.

Average Age of Homes

- The median age of Spruce (zip 48762) real estate is 45 years old

The Rental Market in Spruce (zip 48762)

- Renters make up 2.1% of the Spruce (zip 48762) population
- 0.0% of houses and apartments in Spruce (zip 48762), 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	Spruce, Michigan	United States
	1,006.0	139,647,020.0
	48	42
	$150,100	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$9.39	$10.98
	$1,248	$2,690
	46.8%	57.4%
	51.6%	11.2%
	1.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.0%	0.4%
	48.3%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	3.8%	2.4%
	4.0%	2.8%
	8.3%	3.9%
	13.4%	4.5%
	27.2%	11.3%
	14.0%	13.0%
	15.1%	20.1%
	4.5%	13.6%
	3.8%	8.3%
	2.5%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.3%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	8.8%	13.6%
	10.5%	13.2%
	18.1%	14.8%
	8.8%	13.6%
	13.7%	10.0%
	7.4%	4.7%
	12.4%	12.2%

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