Home Values

48167 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

$280,300

  • 2.8% 1-year change
  • 1.7% 1-year forecast

The median home value in 48167 is $280,300. 48167 home values have gone up 2.8% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 48167 is None. The median rent price in 48167 is $1,268, which is lower than the Northville Township median of $1,450.

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 48167 homeowners underwater on their mortgage is 7.7%, which is higher than Northville Township at 5.5%.

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Relative ZHVI
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48167 Market Overview

Data through Apr 30, 2015
  • $280,300 ZHVI
  • 1.7% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $236,300 Median sale price (Mar 31, 2015)
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48167 Market Health

Data through Apr 30, 2015
  • 6.8/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 7.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
48374 $408,600
48168 $376,800
48170 $241,500
Name Median ZHVI
48335 $230,700
48375 $224,300
48165 $209,900
Name Median ZHVI
48393 $203,700
48377 $203,300
48187 $197,500

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $124 Median sale price / sq ft
  • No data Listings with price cut
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48167 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,796 48167
    $1,933 Northville Township
    $1,364 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,268 Rent list price
  • $1.20 Rent list price / sq ft
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