USA.com / Michigan / Oakland County / Novi, MI / 48377 / Housing

48377 Zip Code Housing

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As of 2010-2014, median price of a house in 48377 Zip Code is $176,200, which is higher than the state average of $120,200 and is about the same as the national average of $175,700. The 48377 Zip Code median house value has shrunk by 17.51% since 2000. The growth rate for the price of a house in 48377 Zip Code is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in 48377 Zip Code was built is 1996, which is newer than the median year for a house built in the state which is 1969 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,547 Owner Occupied Houses in 48377 Zip Code, see rank

48377 Zip Code	176,200 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

48377 Zip Code		-17.51%
Michigan		3.98%
U.S.		46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	48377 Zip Code	Michigan	U.S.
Total Housing Units	8,141, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	7,650, 93.97%, see rank	84.45%	87.55%
Owner Occupied	3,547, 43.57%, see rank	60.41%	56.34%
Renter Occupied	4,103, 50.40%, see rank	24.04%	31.21%
Vacant Housing Units	491, 6.03%, see rank	15.55%	12.45%
For Rent	187, 2.30%, see rank	1.84%	2.34%
For Sale Only	78, 0.96%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	106, 1.30%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	38, 0.47%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	82, 1.01%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #5

48377 Zip Code	Michigan	U.S.
1996	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	48377 Zip Code	%	Michigan	U.S.
Owner-Occupied Units	3,547	100%	2,738,012	74,787,460
With a Mortgage	2,302	64.90%, see rank	63.63%	65.58%
Without a Mortgage	1,245	35.10%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

48377 Zip Code	1,847 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	48377 Zip Code	%	Michigan	U.S.
$299 or Less	11	0.48%, see rank	0.19%	0.20%
$300 to $499	21	0.91%, see rank	1.88%	1.59%
$500 to $699	26	1.13%, see rank	6.65%	5.01%
$700 to $999	173	7.52%, see rank	19.56%	14.32%
$1,000 to $1,499	489	21.24%, see rank	34.69%	27.90%
$1,500 to $1,999	583	25.33%, see rank	20.06%	20.35%
$2,000 to $2,999	708	30.76%, see rank	12.84%	19.52%
$3,000 or More	291	12.64%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

48377 Zip Code	21.90% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	48377 Zip Code	%	Michigan	U.S.
10% or Less	160	6.95%, see rank	5.90%	5.86%
10% to 20%	843	36.62%, see rank	35.28%	31.95%
20% to 30%	683	29.67%, see rank	27.51%	27.64%
30% to 40%	221	9.60%, see rank	12.63%	13.74%
40% or More	395	17.16%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

48377 Zip Code	601 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	48377 Zip Code	%	Michigan	U.S.
$199 or Less	226	18.15%, see rank	4.74%	7.76%
$200 to $299	86	6.91%, see rank	12.46%	14.70%
$300 to $499	204	16.39%, see rank	40.41%	34.63%
$500 to $699	401	32.21%, see rank	25.95%	21.16%
$700 or More	328	26.35%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

48377 Zip Code	12.70% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	48377 Zip Code	%	Michigan	U.S.
10% or Less	546	43.86%, see rank	35.33%	40.19%
10% to 20%	208	16.71%, see rank	33.76%	31.47%
20% to 30%	237	19.04%, see rank	13.39%	12.24%
30% to 40%	82	6.59%, see rank	6.18%	5.64%
40% or More	172	13.82%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	48377 Zip Code	Michigan	U.S.
Total Housing Units	8,141, 100%	4,532,719	132,741,033
1-unit, Detached	2,349, 28.85%, see rank	71.97%	61.65%
1-unit, Attached	899, 11.04%, see rank	4.66%	5.82%
2 Units	14, 0.17%, see rank	2.58%	3.75%
3 or 4 Units	209, 2.57%, see rank	2.56%	4.43%
5 to 9 Units	949, 11.66%, see rank	4.20%	4.78%
10 or More Units	3,163, 38.85%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	558, 6.85%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	48377 Zip Code	Michigan	U.S.
Total Housing Units	8,141, 100%	4,532,719	132,741,033
1 Room	11, 0.14%, see rank	1.24%	1.95%
2 Rooms	278, 3.41%, see rank	1.78%	2.48%
3 Rooms	1,695, 20.82%, see rank	7.14%	9.13%
4 Rooms	2,269, 27.87%, see rank	14.38%	16.60%
5 Rooms	1,283, 15.76%, see rank	21.00%	20.41%
6 Rooms	782, 9.61%, see rank	20.07%	18.06%
7 Rooms	625, 7.68%, see rank	13.45%	12.27%
8 Rooms	512, 6.29%, see rank	9.27%	8.48%
9 Rooms or More	686, 8.43%, see rank	11.67%	10.60%
Median Rooms	4.40, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	48377 Zip Code	Michigan	U.S.
Total Housing Units	8,141, 100%	4,532,719	132,741,033
No Bedroom	11, 0.14%, see rank	1.35%	2.17%
1 Bedroom	2,170, 26.66%, see rank	9.11%	11.16%
2 Bedrooms	3,192, 39.21%, see rank	26.33%	26.69%
3 Bedrooms	1,637, 20.11%, see rank	43.93%	39.70%
4 Bedrooms	1,056, 12.97%, see rank	15.80%	16.05%
5 or More Bedrooms	75, 0.92%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	48377 Zip Code	Michigan	U.S.
Total Housing Units	7,650, 100%	3,827,880	116,211,092
Utility Gas	6,496, 84.92%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	46, 0.60%, see rank	8.48%	4.86%
Electricity	1,033, 13.50%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	30, 0.39%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	16, 0.21%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	29, 0.38%, see rank	0.86%	0.47%
No Fuel Used	0, 0.00%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	48377 Zip Code	Michigan	U.S.
Occupied Units Paying Rent	4,010, 100%	1,028,835	39,201,928
$199 or Less	0, 0.00%, see rank	1.86%	1.50%
$200 to $299	0, 0.00%, see rank	3.88%	3.18%
$300 to $499	13, 0.32%, see rank	9.32%	7.37%
$500 to $699	339, 8.45%, see rank	23.63%	16.01%
$700 to $999	1,968, 49.08%, see rank	35.23%	29.17%
$1,000 to $1,499	481, 12.00%, see rank	20.17%	26.88%
$1,500 to $1,999	466, 11.62%, see rank	3.85%	9.79%
$2,000 or More	743, 18.53%, see rank	2.06%	6.10%
Median	$939, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	48377 Zip Code	Michigan	U.S.
Occupied Housing Units	7,650, 100%	3,827,880	116,211,092
No Vehicles Available	605, 7.91%, see rank	7.97%	9.12%
1 Vehicles Available	3,720, 48.63%, see rank	35.06%	33.80%
2 Vehicles Available	2,527, 33.03%, see rank	38.45%	37.48%
3 or More Vehicles Available	798, 10.43%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.