Zip 48342 (Pontiac, MI) Housing

The housing market in 48342 Pontiac, MI is a great investment opportunity. The median value of housing in this city is $98,200, which is substantially lower than the US median value of $338,100. Over the past year, house appreciation rates in this area have been nearly on par with the US rate of 8.27%, slightly less at 8.00%. This combination of lower initial costs and competitive appreciation makes for an ideal investment opportunity for those looking to buy a home or invest in real estate.

The median home cost in Pontiac (zip 48342) is $98,200. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Pontiac (zip 48342) is up 11.2%.

Average Age of Homes

- The median age of Pontiac (zip 48342) real estate is 61 years old

The Rental Market in Pontiac (zip 48342)

- Renters make up 48.5% of the Pontiac (zip 48342) population
- 5.0% of houses and apartments in Pontiac (zip 48342), 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	Pontiac, Michigan	United States
	7,224.0	139,647,020.0
	65	42
	$98,200	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$12.79	$10.98
	$941	$2,690
	32.7%	57.4%
	14.6%	11.2%
	52.7%	31.4%
Vacant Housing
	5.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	15.7%	2.4%
	18.1%	2.8%
	19.9%	3.9%
	15.4%	4.5%
	17.5%	11.3%
	4.8%	13.0%
	2.1%	20.1%
	0.3%	13.6%
	0.0%	8.3%
	1.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	0.5%	13.6%
	6.3%	13.2%
	10.5%	14.8%
	0.5%	13.6%
	18.2%	10.0%
	10.4%	4.7%
	28.6%	12.2%

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