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48206 Zip Code Housing

 
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As of 2010-2014, median price of a house in 48206 Zip Code is $45,600, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The 48206 Zip Code median house value has shrunk by 15.08% since 2000. The growth rate for the price of a house in 48206 Zip Code is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in 48206 Zip Code was built is 1941, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 3,182 Owner Occupied Houses in 48206 Zip Code, see rank
48206 Zip Code
45,600 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, see rank
48206 Zip Code
-15.08%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 48206 Zip CodeMichiganU.S.
Total Housing Units13,828, see rank, 100%4,532,719132,741,033
Occupied Housing Units7,016, 50.74%, see rank84.45%87.55%
Owner Occupied3,182, 23.01%, see rank60.41%56.34%
Renter Occupied3,834, 27.73%, see rank24.04%31.21%
Vacant Housing Units6,812, 49.26%, see rank15.55%12.45%
For Rent492, 3.56%, see rank1.84%2.34%
For Sale Only100, 0.72%, see rank1.40%1.20%
Rented or Sold, Not Occupied191, 1.38%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use26, 0.19%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant6,003, 43.41%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #928
48206 Zip CodeMichiganU.S.
194119691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 48206 Zip Code%MichiganU.S.
Owner-Occupied Units3,182100%2,738,01274,787,460
With a Mortgage1,13335.61%, see rank63.63%65.58%
Without a Mortgage2,04964.39%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
48206 Zip Code
1,158 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner Costs48206 Zip Code%MichiganU.S.
$299 or Less90.79%, see rank0.19%0.20%
$300 to $499201.77%, see rank1.88%1.59%
$500 to $6991119.80%, see rank6.65%5.01%
$700 to $99931127.45%, see rank19.56%14.32%
$1,000 to $1,49934130.10%, see rank34.69%27.90%
$1,500 to $1,99915413.59%, see rank20.06%20.35%
$2,000 to $2,99917315.27%, see rank12.84%19.52%
$3,000 or More141.24%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48206 Zip Code
31.30% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 48206 Zip Code%MichiganU.S.
10% or Less635.56%, see rank5.90%5.86%
10% to 20%22219.59%, see rank35.28%31.95%
20% to 30%24521.62%, see rank27.51%27.64%
30% to 40%19317.03%, see rank12.63%13.74%
40% or More39334.69%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
48206 Zip Code
484 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner Costs48206 Zip Code%MichiganU.S.
$199 or Less1085.27%, see rank4.74%7.76%
$200 to $2991879.13%, see rank12.46%14.70%
$300 to $49979238.65%, see rank40.41%34.63%
$500 to $69948323.57%, see rank25.95%21.16%
$700 or More47923.38%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
48206 Zip Code
20.50% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 48206 Zip Code%MichiganU.S.
10% or Less38418.74%, see rank35.33%40.19%
10% to 20%57127.87%, see rank33.76%31.47%
20% to 30%31015.13%, see rank13.39%12.24%
30% to 40%1999.71%, see rank6.18%5.64%
40% or More48423.62%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 48206 Zip CodeMichiganU.S.
Total Housing Units13,828, 100%4,532,719132,741,033
1-unit, Detached7,175, 51.89%, see rank71.97%61.65%
1-unit, Attached665, 4.81%, see rank4.66%5.82%
2 Units2,627, 19.00%, see rank2.58%3.75%
3 or 4 Units920, 6.65%, see rank2.56%4.43%
5 to 9 Units346, 2.50%, see rank4.20%4.78%
10 or More Units2,091, 15.12%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.4, 0.03%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 48206 Zip CodeMichiganU.S.
Total Housing Units13,828, 100%4,532,719132,741,033
1 Room365, 2.64%, see rank1.24%1.95%
2 Rooms94, 0.68%, see rank1.78%2.48%
3 Rooms798, 5.77%, see rank7.14%9.13%
4 Rooms1,282, 9.27%, see rank14.38%16.60%
5 Rooms2,947, 21.31%, see rank21.00%20.41%
6 Rooms4,015, 29.04%, see rank20.07%18.06%
7 Rooms1,490, 10.78%, see rank13.45%12.27%
8 Rooms1,340, 9.69%, see rank9.27%8.48%
9 Rooms or More1,497, 10.83%, see rank11.67%10.60%
Median Rooms5.90, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 48206 Zip CodeMichiganU.S.
Total Housing Units13,828, 100%4,532,719132,741,033
No Bedroom383, 2.77%, see rank1.35%2.17%
1 Bedroom1,747, 12.63%, see rank9.11%11.16%
2 Bedrooms3,352, 24.24%, see rank26.33%26.69%
3 Bedrooms5,600, 40.50%, see rank43.93%39.70%
4 Bedrooms1,840, 13.31%, see rank15.80%16.05%
5 or More Bedrooms906, 6.55%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 48206 Zip CodeMichiganU.S.
Total Housing Units7,016, 100%3,827,880116,211,092
Utility Gas6,323, 90.12%, see rank77.13%48.85%
Bottled, Tank, or LP Gas84, 1.20%, see rank8.48%4.86%
Electricity477, 6.80%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.38, 0.54%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel33, 0.47%, see rank0.86%0.47%
No Fuel Used61, 0.87%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental48206 Zip CodeMichiganU.S.
Occupied Units Paying Rent3,610, 100%1,028,83539,201,928
$199 or Less131, 3.63%, see rank1.86%1.50%
$200 to $299265, 7.34%, see rank3.88%3.18%
$300 to $499262, 7.26%, see rank9.32%7.37%
$500 to $6991,215, 33.66%, see rank23.63%16.01%
$700 to $9991,176, 32.58%, see rank35.23%29.17%
$1,000 to $1,499539, 14.93%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More22, 0.61%, see rank2.06%6.10%
Median$693, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 48206 Zip CodeMichiganU.S.
Occupied Housing Units7,016, 100%3,827,880116,211,092
No Vehicles Available2,569, 36.62%, see rank7.97%9.12%
1 Vehicles Available2,975, 42.40%, see rank35.06%33.80%
2 Vehicles Available992, 14.14%, see rank38.45%37.48%
3 or More Vehicles Available480, 6.84%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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