Welcome to our 48857 real estate data hub, tailored for investors in Morrice, 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 48857 in Morrice, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SHIAWASSEE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Morrice, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Morrice property market.
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Location Overview
- Zip Code: 48857
- City: Morrice
- State: MI
- Metro Area: Lansing-East Lansing, MI
- County Name: SHIAWASSEE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $181,608
- Average Home Price (Single Family Homes): $181,386
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 0.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $970
- Average 3 Bedroom Section 8 Rental Rates: $1,310
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 15.6
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.55
- Number of Units Offered in Section 8 in the County: 328
- Number of Occupied Units in Section 8 in the County: 315
- Percentage of Section 8 Units Occupied in the County: 96.09999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): 48.57
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 3.13%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.58%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 22.63%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.2%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 128.08%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 94.05%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 99.61%
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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%