Home Values

48103 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

$306,400

  • 5.9% 1-year change
  • 0.9% 1-year forecast

The median home value in 48103 is $306,400. 48103 home values have gone up 5.9% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in 48103 is None. The median rent price in 48103 is $1,550, which is higher than the Ann Arbor Metro median of $1,400.

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 48103 homeowners underwater on their mortgage is 6.1%, which is lower than Ann Arbor Metro at 11.3%.

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Relative ZHVI
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48103 Market Overview

Data through May 31, 2015
  • $306,400 ZHVI
  • 0.9% 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
    (May 31, 2016)
  • No data Median listing price
  • $277,175 Median sale price
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48103 Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 6.1% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI
48104 $310,000
48105 $302,500
48130 $264,800
Name Median ZHVI
48176 $248,400
48118 $219,300
48108 $215,900
Name Median ZHVI
48158 $197,200
48189 $183,900
49236 $129,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $188 Median sale price / sq ft
  • No data Listings with price cut
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48103 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,958 48103
    $1,799 Ann Arbor Metro
    $1,367 United States

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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,550 Rent list price
  • $1.29 Rent list price / sq ft
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