Welcome to our 48197 real estate data hub, tailored for investors in Ypsilanti, 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 48197 in Ypsilanti, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WASHTENAW COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Ypsilanti, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Ypsilanti property market.
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Location Overview
- Zip Code: 48197
- City: Ypsilanti
- State: MI
- Metro Area: Ann Arbor, MI
- County Name: WASHTENAW COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $313,381
- Average Home Price (Single Family Homes): $320,992
- Average Monthly Rental Price (All Types): $1,387
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: -0.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,240
- Average 3 Bedroom Section 8 Rental Rates: $1,510
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.06
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.29
- Number of Units Offered in Section 8 in the County: 2314
- Number of Occupied Units in Section 8 in the County: 2165
- Percentage of Section 8 Units Occupied in the County: 93.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 171.56
- Total % Appreciation since 2000 (Government Data): 68.63
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.22%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.11%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.6%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.81%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 121.48%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.12%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.05%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.09%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 14.21%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.53%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 40.37%