Zip 49348 (Wayland, MI) Housing

The housing market in 49348 Wayland, MI is currently quite strong. The median value of houses in this area is $281,200 which is significantly lower than the US median house value of $338,100. In the past year, the appreciation rate of homes in 49348 Wayland has been 12.54%, significantly higher than the national average of 8.27%. This suggests that this area may be a good place to invest in real estate and could continue to appreciate in value over time.

The median home cost in Wayland (zip 49348) is $281,200. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Wayland (zip 49348) is up 16.2%.

Average Age of Homes

- The median age of Wayland (zip 49348) real estate is 33 years old

The Rental Market in Wayland (zip 49348)

- Renters make up 17.1% of the Wayland (zip 49348) population
- 0.5% of houses and apartments in Wayland (zip 49348), 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	Wayland, Michigan	United States
	5,457.0	139,647,020.0
	30	42
	$281,200	$338,100
	16.2%	16.6%
	62.1%	57.0%
	120.9%	101.1%
	$13.24	$10.98
	$2,675	$2,690
	75.9%	57.4%
	5.4%	11.2%
	18.7%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	3.4%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	7.4%	2.6%
	2.8%	2.4%
	8.2%	2.8%
	1.4%	3.9%
	2.9%	4.5%
	11.4%	11.3%
	15.4%	13.0%
	29.1%	20.1%
	9.1%	13.6%
	5.5%	8.3%
	5.5%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.0%	13.6%
	17.0%	13.6%
	21.6%	13.6%
	11.5%	13.2%
	12.1%	14.8%
	21.6%	13.6%
	4.8%	10.0%
	2.6%	4.7%
	12.3%	12.2%

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