Zip 48745 (Mikado, MI) Housing

Mikado, MI is an excellent town for anyone looking to purchase a house. The housing median value in the area is $113,300, which is significantly lower than the national average of $338,100. Furthermore, the one-year house appreciation rate in Mikado has been 9.81%, higher than the national average of 8.27%. This makes Mikado a great option for those who are looking for appreciation on their investment and want to purchase a home at a lower cost.

The median home cost in Mikado (zip 48745) is $113,300. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Mikado (zip 48745) is up 14.8%.

Average Age of Homes

- The median age of Mikado (zip 48745) real estate is 42 years old

The Rental Market in Mikado (zip 48745)

- Renters make up 10.6% of the Mikado (zip 48745) population
- 0.0% of houses and apartments in Mikado (zip 48745), 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	Mikado, Michigan	United States
	806.0	139,647,020.0
	46	42
	$113,300	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$9.42	$10.98
	$941	$2,690
	60.7%	57.4%
	31.3%	11.2%
	8.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.1%	0.4%
	2.5%	0.7%
	0.0%	0.4%
	23.6%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	8.0%	2.4%
	13.5%	2.8%
	11.2%	3.9%
	13.7%	4.5%
	13.7%	11.3%
	16.6%	13.0%
	15.3%	20.1%
	3.1%	13.6%
	1.2%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	15.9%	13.6%
	8.3%	13.2%
	27.5%	14.8%
	15.9%	13.6%
	11.8%	10.0%
	3.5%	4.7%
	9.2%	12.2%

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