Zip 48327 (Waterford, MI) Housing

Waterford, MI is a town located in Oakland County, Michigan. The median value of housing in this city is $242,400, which is lower than the US House Median Value of $338,100. Despite the fact that Waterford has lower housing costs than the national average, there has been a steady appreciation rate of 8.00% in the last year. This means that housing prices are on the rise and Waterford can be an attractive option for potential home buyers looking for an affordable community with appreciating real estate values.

The median home cost in Waterford (zip 48327) is $242,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Waterford (zip 48327) is up 11.2%.

Average Age of Homes

- The median age of Waterford (zip 48327) real estate is 40 years old

The Rental Market in Waterford (zip 48327)

- Renters make up 31.8% of the Waterford (zip 48327) population
- 0.9% of houses and apartments in Waterford (zip 48327), 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	Waterford, Michigan	United States
	9,872.0	139,647,020.0
	43	42
	$242,400	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$11.89	$10.98
	$2,370	$2,690
	65.8%	57.4%
	5.1%	11.2%
	29.2%	31.4%
Vacant Housing
	0.9%	1.9%
	0.4%	0.4%
	0.1%	0.7%
	0.2%	0.4%
	1.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.0%	2.4%
	1.4%	2.8%
	0.9%	3.9%
	1.4%	4.5%
	19.4%	11.3%
	25.3%	13.0%
	39.0%	20.1%
	7.7%	13.6%
	1.6%	8.3%
	0.3%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	21.7%	13.6%
	14.2%	13.2%
	19.4%	14.8%
	21.7%	13.6%
	16.9%	10.0%
	3.8%	4.7%
	3.2%	12.2%

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