Zip 48721 (Black River, MI) Housing

The housing market in 48721 Black River, MI is very strong and growing. The median value of homes is $137,800, which is significantly less than the US median of $338,100. In the last year, the US median house appreciation was 8.27%, whereas in 48721 Black River it was 9.81%. This indicates that there has been a steady appreciation in housing values in the area over the past year. With such strong housing prices and increasing appreciation rates, 48721 Black River is a great place to invest in real estate.

The median home cost in Black River (zip 48721) is $137,800. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Black River (zip 48721) is up 14.8%.

Average Age of Homes

- The median age of Black River (zip 48721) real estate is 40 years old

The Rental Market in Black River (zip 48721)

- Renters make up 2.0% of the Black River (zip 48721) population
- 2.2% of houses and apartments in Black River (zip 48721), 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	Black River, Michigan	United States
	418.0	139,647,020.0
	43	42
	$137,800	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$9.09	$10.98
	$1,274	$2,690
	47.8%	57.4%
	51.2%	11.2%
	1.0%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	47.6%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	5.0%	2.4%
	3.5%	2.8%
	20.0%	3.9%
	10.0%	4.5%
	12.0%	11.3%
	18.5%	13.0%
	13.5%	20.1%
	9.5%	13.6%
	4.0%	8.3%
	2.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	11.5%	13.6%
	11.5%	13.6%
	22.0%	13.6%
	10.8%	13.2%
	21.1%	14.8%
	22.0%	13.6%
	17.7%	10.0%
	3.1%	4.7%
	5.7%	12.2%

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