Zip 48763 (Tawas City, MI) Housing

The housing market in Tawas City, MI 48763 is thriving. The median value of a house in this area is $146,400, which is significantly lower than the US median value of $338,100. However, the appreciation rate of housing in Tawas City over the past year has been 9.81%, much higher than the overall US rate of 8.27%. This indicates that the property market in this city is currently increasing in value and homeowners are likely to see an increase in their equity should they choose to sell their homes.

The median home cost in Tawas City (zip 48763) is $146,400. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Tawas City (zip 48763) is up 14.8%.

Average Age of Homes

- The median age of Tawas City (zip 48763) real estate is 45 years old

The Rental Market in Tawas City (zip 48763)

- Renters make up 8.9% of the Tawas City (zip 48763) population
- 0.0% of houses and apartments in Tawas City (zip 48763), 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	Tawas City, Michigan	United States
	2,934.0	139,647,020.0
	46	42
	$146,400	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$11.19	$10.98
	$1,345	$2,690
	56.9%	57.4%
	34.5%	11.2%
	8.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.7%	0.7%
	0.6%	0.4%
	29.2%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	1.3%	2.4%
	6.2%	2.8%
	10.9%	3.9%
	16.9%	4.5%
	20.8%	11.3%
	16.0%	13.0%
	13.2%	20.1%
	5.9%	13.6%
	3.2%	8.3%
	1.3%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	13.2%	13.6%
	12.5%	13.2%
	18.1%	14.8%
	13.2%	13.6%
	13.5%	10.0%
	8.6%	4.7%
	7.8%	12.2%

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