Zip 48873 (Pewamo, MI) Housing

Pewamo, MI is an area where the housing market has been performing well. The median value of homes in 48873 Pewamo, MI is $235,300 which is significantly lower than the US median value of $338,100. Furthermore, there has been a healthy 8.98% 1 year appreciation rate for houses in this area compared to the US 1 year house appreciation rate of 8.27%. This indicates that this neighborhood is an attractive option for potential buyers looking to benefit from a strong and growing housing market.

The median home cost in Pewamo (zip 48873) is $235,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Pewamo (zip 48873) is up 12.2%.

Average Age of Homes

- The median age of Pewamo (zip 48873) real estate is 36 years old

The Rental Market in Pewamo (zip 48873)

- Renters make up 8.7% of the Pewamo (zip 48873) population
- 1.1% of houses and apartments in Pewamo (zip 48873), 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	Pewamo, Michigan	United States
	532.0	139,647,020.0
	48	42
	$235,300	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$10.71	$10.98
	$1,729	$2,690
	75.4%	57.4%
	18.6%	11.2%
	6.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	17.5%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	1.2%	2.4%
	9.0%	2.8%
	4.2%	3.9%
	8.7%	4.5%
	14.5%	11.3%
	30.2%	13.0%
	26.4%	20.1%
	3.5%	13.6%
	0.2%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	10.5%	13.6%
	11.5%	13.2%
	21.4%	14.8%
	10.5%	13.6%
	16.5%	10.0%
	2.3%	4.7%
	15.2%	12.2%

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