Located in Shepherd, MI, 48883 is a great place to invest in housing. The median value of homes in this area is $169,800 which is much lower than the US house median value of $338,100. In the past year, the US house appreciation rate was 8.27%, but in 48883 Shepherd it was even higher at 8.98%. This means that investing in housing here is an excellent choice for those looking for potential future returns. Additionally, with its close proximity to larger cities like Grand Rapids and Saginaw, 48883 Shepherd is a great option for anyone who wants to find quality affordable housing near plenty of amenities.
The median home cost in Shepherd (zip 48883) is $169,800. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Shepherd (zip 48883) is up 12.2%.
Average Age of Homes
- The median age of Shepherd (zip 48883) real estate is 41 years old
The Rental Market in Shepherd (zip 48883)
- Renters make up 14.9% of the Shepherd (zip 48883) population
- 0.3% of houses and apartments in Shepherd (zip 48883), 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.