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.