The housing market in 48111 Belleville, MI is doing very well. The median value of homes in the area is $260,100, which is slightly lower than the national median value of $338,100. However, the appreciation rate of homes in Belleville has been higher than the national average over the past year at 8.47%, compared to 8.27% for the nation as a whole. This indicates that property values in 48111 Belleville, MI are on an upward trend and that housing investments here can be expected to appreciate in time.
The median home cost in Belleville (zip 48111) is $260,100. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Belleville (zip 48111) is up 13.1%.
Average Age of Homes
- The median age of Belleville (zip 48111) real estate is 38 years old
The Rental Market in Belleville (zip 48111)
- Renters make up 27.0% of the Belleville (zip 48111) population
- 1.9% of houses and apartments in Belleville (zip 48111), 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.