Chesterfield, MI 48047 - Real Estate Investment Insights & Performance Data

Welcome to our 48047 real estate data hub, tailored for investors in Chesterfield, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 48047 in Chesterfield, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MACOMB COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Chesterfield, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Chesterfield property market.

• Location Overview

  • Zip Code: 48047
  • City: Chesterfield
  • State: MI
  • Metro Area: Detroit-Warren-Dearborn, MI
  • County Name: MACOMB COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $306,116
  • Average Home Price (Single Family Homes): $326,716
  • Average Monthly Rental Price (All Types): Not Available
  • Price-to-Rent Ratio: Not Available
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,130
  • Average 3 Bedroom Section 8 Rental Rates: $1,410
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.57
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.09
  • Number of Units Offered in Section 8 in the County: 5356
  • Number of Occupied Units in Section 8 in the County: 5043
  • Percentage of Section 8 Units Occupied in the County: 94.19999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 156.39
  • Total % Appreciation since 2000 (Government Data): 59.07
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.01%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.29%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.65%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.2%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 104.32%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.95%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 72.02%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%