Real Estate Market Update for 48180 (Taylor, MI)

Video: Real Estate Community Tour for 48180 (Taylor, MI)

See Real estate community tour for 48180 (Taylor, MI)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up more than 100% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 80-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold increased nearly 400% year-over-year, and decreased 7% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 48180 (Taylor, MI)
Area Information for 48180 (Taylor, MI)
  • Population: 63,258
  • Median Age: 37.65 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 2,680/sq mi
  • Population Change Since 2000: -3.96%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: Dorsey School-southgate
  • Closest Jr. College: Henry Ford Community College
  • Median Household Income: $41,548
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $65,662
  • Closest Major Sports Team: Detroit Tigers
  • Change Avg. Household Income Since 2000: -.79%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 48180 (Taylor, MI)
Median Age: 37.65 Married: 34% Number of Households: 24,462 Households with Children: 7,490
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 48180 (Taylor, MI)

      School Name Distance Type Grades School Rating Parent Rating
      Bernice Mcdowell Elementary School 0.6 mi Public K-5 1 0
      Baptist Park School 0.7 mi Private K-12 0 0
      Taylor Preparatory High School 0.9 mi Public 9-12 1 3
      St. Alfred Catholic School 0.9 mi Catholic K-8 0 0
      Taylor Career And Technical Center 0.9 mi Public 9-12 0 0
      Titan Alternative High School 0.9 mi Public 7-12 1 0
      Taylor Virtual Learning Academy 0.9 mi Public 9-12 1 0
      Truman High School 1.0 mi Public 9-12 2 3
      Kinyon Elementary School 1.1 mi Public K-5 3 0
      John F. Kennedy High School 1.2 mi Public 9-12 2 3
      Robert J. West Middle School 1.2 mi Public 7-8 2 0
      Sixth Grade Academy 1.2 mi Public 6-6 0 0
      Oakwood Academy 1.3 mi Private K-8 0 0
      Clarence Randall Elementary School 1.4 mi Public K-5 1 0
      Holland Elementary School 1.6 mi Public K-5 1 0
      Taylor Exemplar Academy 1.6 mi Public K-8 3 0
      Eureka Heights Elementary School 2.0 mi Public PRESCHOOL-5 2 0
      Blair Moody Elementary School 2.2 mi Public PRESCHOOL-5 3 0
      Trillium Academy 2.6 mi Public K-12 2 0
      Taylor Parks Elementary School 2.8 mi Public K-5 1 0
      Quest Charter Academy 3.0 mi Public K-8 3 0
      Hoover Middle School 3.1 mi Public 7-8 1 0
      Myers Elementary School 3.1 mi Public K-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 48180 (Taylor, MI)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.