The housing market in Waterford, MI (zip code 48329) is quite strong. The median value of a home here is $259,000, compared to the US median value of $338,100. Despite this difference in values, the appreciation rate of homes in Waterford is very close to that of the US overall. In the last year, the appreciation rate of homes was 8.00%, only slightly lower than the national rate of 8.27%. This suggests that Waterford continues to be an attractive and vibrant market for those looking to invest in real estate.
The median home cost in Waterford (zip 48329) is $259,000. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Waterford (zip 48329) is up 11.2%.
Average Age of Homes
- The median age of Waterford (zip 48329) real estate is 53 years old
The Rental Market in Waterford (zip 48329)
- Renters make up 12.5% of the Waterford (zip 48329) population
- 1.0% of houses and apartments in Waterford (zip 48329), 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.