Home Values

48374 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

$428,900

  • 1.7% 1-year change
  • 2.4% 1-year forecast

The median home value in 48374 is $428,900. 48374 home values have gone up 1.7% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in 48374 is None. The median rent price in 48374 is $2,400, which is higher than the Novi median of $1,675.

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 48374 homeowners underwater on their mortgage is 5.4%, which is lower than Novi at 8.9%.

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Relative ZHVI
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48374 Market Overview

Data through May 31, 2015
  • $428,900 ZHVI
  • 2.4% 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
  • $382,353 Median sale price (Apr 30, 2015)
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48374 Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 5.4% 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
48168 $376,800
48167 $268,500
48170 $241,500
Name Median ZHVI
48381 $236,300
48375 $224,300
48165 $209,900
Name Median ZHVI
48393 $203,700
48377 $203,300
48390 $159,200

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $150 Median sale price / sq ft
  • No data Listings with price cut
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48374 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,747 48374
    $2,164 Novi
    $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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $2,400 Rent list price (Apr 30, 2015)
  • $1.17 Rent list price / sq ft (Apr 30, 2015)
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