USA.com / Michigan / Tuscola County / Akron, MI / 48701 / Housing

48701 Zip Code Housing

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As of 2010-2014, median price of a house in 48701 Zip Code is $69,400, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The 48701 Zip Code median house value has grown by 9.81% since 2000. The growth rate for the price of a house in 48701 Zip Code is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in 48701 Zip Code was built is 1949, which is older than the median year for a house built in the state which is 1969 and is older 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 473 Owner Occupied Houses in 48701 Zip Code, see rank

48701 Zip Code	69,400 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

48701 Zip Code	9.81%
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

	48701 Zip Code	Michigan	U.S.
Total Housing Units	693, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	567, 81.82%, see rank	84.45%	87.55%
Owner Occupied	473, 68.25%, see rank	60.41%	56.34%
Renter Occupied	94, 13.56%, see rank	24.04%	31.21%
Vacant Housing Units	126, 18.18%, see rank	15.55%	12.45%
For Rent	5, 0.72%, see rank	1.84%	2.34%
For Sale Only	11, 1.59%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	7, 1.01%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	46, 6.64%, see rank	6.26%	3.97%
For Migrant Workers	9, 1.30%, see rank	0.05%	0.03%
Other Vacant	48, 6.93%, see rank	4.96%	4.00%

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

Year Structure Built

Median Built Year, #888

48701 Zip Code	Michigan	U.S.
1949	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

	48701 Zip Code	%	Michigan	U.S.
Owner-Occupied Units	473	100%	2,738,012	74,787,460
With a Mortgage	229	48.41%, see rank	63.63%	65.58%
Without a Mortgage	244	51.59%, 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

48701 Zip Code	965 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	48701 Zip Code	%	Michigan	U.S.
$299 or Less	1	0.44%, see rank	0.19%	0.20%
$300 to $499	7	3.06%, see rank	1.88%	1.59%
$500 to $699	13	5.68%, see rank	6.65%	5.01%
$700 to $999	106	46.29%, see rank	19.56%	14.32%
$1,000 to $1,499	77	33.62%, see rank	34.69%	27.90%
$1,500 to $1,999	22	9.61%, see rank	20.06%	20.35%
$2,000 to $2,999	3	1.31%, see rank	12.84%	19.52%
$3,000 or More	0	0.00%, see rank	4.13%	11.12%

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

48701 Zip Code	26.20% 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

	48701 Zip Code	%	Michigan	U.S.
10% or Less	11	4.80%, see rank	5.90%	5.86%
10% to 20%	66	28.82%, see rank	35.28%	31.95%
20% to 30%	49	21.40%, see rank	27.51%	27.64%
30% to 40%	51	22.27%, see rank	12.63%	13.74%
40% or More	52	22.71%, 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

48701 Zip Code	382 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	48701 Zip Code	%	Michigan	U.S.
$199 or Less	26	10.66%, see rank	4.74%	7.76%
$200 to $299	32	13.11%, see rank	12.46%	14.70%
$300 to $499	137	56.15%, see rank	40.41%	34.63%
$500 to $699	35	14.34%, see rank	25.95%	21.16%
$700 or More	14	5.74%, see rank	16.44%	21.75%

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

48701 Zip Code	12.90% 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

	48701 Zip Code	%	Michigan	U.S.
10% or Less	91	37.30%, see rank	35.33%	40.19%
10% to 20%	95	38.93%, see rank	33.76%	31.47%
20% to 30%	26	10.66%, see rank	13.39%	12.24%
30% to 40%	11	4.51%, see rank	6.18%	5.64%
40% or More	15	6.15%, 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

	48701 Zip Code	Michigan	U.S.
Total Housing Units	693, 100%	4,532,719	132,741,033
1-unit, Detached	651, 93.94%, see rank	71.97%	61.65%
1-unit, Attached	2, 0.29%, see rank	4.66%	5.82%
2 Units	2, 0.29%, see rank	2.58%	3.75%
3 or 4 Units	10, 1.44%, see rank	2.56%	4.43%
5 to 9 Units	0, 0.00%, see rank	4.20%	4.78%
10 or More Units	2, 0.29%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	26, 3.75%, see rank	5.45%	6.49%

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

Rooms

	48701 Zip Code	Michigan	U.S.
Total Housing Units	693, 100%	4,532,719	132,741,033
1 Room	1, 0.14%, see rank	1.24%	1.95%
2 Rooms	0, 0.00%, see rank	1.78%	2.48%
3 Rooms	40, 5.77%, see rank	7.14%	9.13%
4 Rooms	106, 15.30%, see rank	14.38%	16.60%
5 Rooms	174, 25.11%, see rank	21.00%	20.41%
6 Rooms	159, 22.94%, see rank	20.07%	18.06%
7 Rooms	88, 12.70%, see rank	13.45%	12.27%
8 Rooms	52, 7.50%, see rank	9.27%	8.48%
9 Rooms or More	73, 10.53%, see rank	11.67%	10.60%
Median Rooms	5.70, see rank	5.70	5.50

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

Bedrooms

	48701 Zip Code	Michigan	U.S.
Total Housing Units	693, 100%	4,532,719	132,741,033
No Bedroom	1, 0.14%, see rank	1.35%	2.17%
1 Bedroom	33, 4.76%, see rank	9.11%	11.16%
2 Bedrooms	211, 30.45%, see rank	26.33%	26.69%
3 Bedrooms	336, 48.48%, see rank	43.93%	39.70%
4 Bedrooms	73, 10.53%, see rank	15.80%	16.05%
5 or More Bedrooms	39, 5.63%, see rank	3.47%	4.22%

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

House Heating Fuel

	48701 Zip Code	Michigan	U.S.
Total Housing Units	567, 100%	3,827,880	116,211,092
Utility Gas	191, 33.69%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	258, 45.50%, see rank	8.48%	4.86%
Electricity	36, 6.35%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	20, 3.53%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	51, 8.99%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	11, 1.94%, 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	48701 Zip Code	Michigan	U.S.
Occupied Units Paying Rent	73, 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	6, 8.22%, see rank	9.32%	7.37%
$500 to $699	22, 30.14%, see rank	23.63%	16.01%
$700 to $999	35, 47.95%, see rank	35.23%	29.17%
$1,000 to $1,499	10, 13.70%, see rank	20.17%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	3.85%	9.79%
$2,000 or More	0, 0.00%, see rank	2.06%	6.10%
Median	$759, see rank	$780	$920

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

Vehicle Available

	48701 Zip Code	Michigan	U.S.
Occupied Housing Units	567, 100%	3,827,880	116,211,092
No Vehicles Available	15, 2.65%, see rank	7.97%	9.12%
1 Vehicles Available	192, 33.86%, see rank	35.06%	33.80%
2 Vehicles Available	258, 45.50%, see rank	38.45%	37.48%
3 or More Vehicles Available	102, 17.99%, see rank	18.52%	19.61%

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