Home Values

48152 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$166,800

  • 8.1% 1-year change
  • 3.2% 1-year forecast

The median home value in 48152 is $166,800. 48152 home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 48152 is $107, which is lower than the Livonia average of $111. The median price of homes currently listed in 48152 is $154,900 while the median price of homes that sold is $165,550.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 48152 is 2.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 48152 homeowners underwater on their mortgage is 19.3%, which is higher than Livonia at 17.5%.

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Relative ZHVI
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48152 Market Overview

Data through Nov 30, 2014
  • $166,800 ZHVI
  • 3.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $154,900 Median listing price
  • $165,550 Median sale price (Oct 31, 2014)
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48152 Market Health

Data through Nov 30, 2014
  • 9.1/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 19.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
48331 $276,800
48335 $235,400
48334 $200,400
Name Median ZHVI
48154 $173,000
48336 $151,500
48150 $137,700
Name Median ZHVI
48185 $107,300
48033 $94,300
48240 $54,100

Listings & Sales

Data through Nov 30, 2014
  • $107 Median list price / sq ft
  • $112 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
24.9%
Sold below listing
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48152 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,173 48152
    $1,207 Livonia
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.96 Rent list price / sq ft
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