Zip 48197 (Ypsilanti, MI) Housing

The housing market in Ypsilanti, MI is currently thriving. The median value for a house in the 48197 zip code is $303,700, which is slightly lower than the national median of $338,100. However, homes in Ypsilanti have been appreciating in value at a rate of 8.47%, which is just slightly higher than the national 1 year appreciation rate of 8.27%. This data indicates that housing prices have been steadily increasing in Ypsilanti and continue to be a lucrative option for potential buyers and investors alike.

The median home cost in Ypsilanti (zip 48197) is $303,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ypsilanti (zip 48197) is up 13.1%.

Average Age of Homes

- The median age of Ypsilanti (zip 48197) real estate is 35 years old

The Rental Market in Ypsilanti (zip 48197)

- Renters make up 44.7% of the Ypsilanti (zip 48197) population
- 2.0% of houses and apartments in Ypsilanti (zip 48197), 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	Ypsilanti, Michigan	United States
	27,855.0	139,647,020.0
	41	42
	$303,700	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$18.01	$10.98
	$4,082	$2,690
	50.4%	57.4%
	4.4%	11.2%
	45.2%	31.4%
Vacant Housing
	2.0%	1.9%
	0.4%	0.4%
	0.2%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	2.3%	2.4%
	2.0%	2.8%
	1.0%	3.9%
	1.8%	4.5%
	7.5%	11.3%
	18.9%	13.0%
	43.2%	20.1%
	14.4%	13.6%
	3.0%	8.3%
	1.8%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.5%	13.6%
	16.5%	13.6%
	17.1%	13.6%
	12.3%	13.2%
	21.0%	14.8%
	17.1%	13.6%
	5.8%	10.0%
	4.3%	4.7%
	10.0%	12.2%

Reviews for Ypsilanti

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John · Ypsilanti, MI

Shifting Economy

Over 17 years ago

The economy here is making a huge shift, and the many thousands of people who made good livings working in the automotive industry are the ones suffering, wreaking havoc More

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Victoria · Ypsilanti, MI

North Park Neighborhood in Ypsilanti

Over 18 years ago

Very nice community to live in. Neighbors interact with each other. This community of older homes $120,000 to $270,000 has a Community Garden, Senior Center, pool, and More

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