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Michigan

Chelsea, MI 48118

Chelsea (48118) has an estimated 12,552 residents with 12,191 of those people in approximately 5,003 housing units. The 48118 zipcode contains 3,000 housing units that are owned with a mortgage or a loan, 1,058 housing units that are owned free and clear and 945 housing units that are renter occupied.


In Chelsea (48118) the median listing price of $299,900 has inreased by $6,400 since 2018-10.

In 2018 the average percentage drop was 3.59% of original listing price.

Zip code 48118 is in the Ann Arbor metropolitan area.
The median estimated home value in Chelsea, MI (48118) is $270,600 as of 2018-10-31

In Chelsea, MI (48118), values have dropped by -0.01 from when they peaked at $272,600 in 2018-Q2

The Zillow Market Health Index for Chelsea, MI (48118) is 6.57. The corresponding state value is 6.27. This is higher than the overall Market Health Index of Michigan.
Metro value is 7.47.
This is lower than the overall Market Health Index of AnnArbor.


Demographics of Chelsea zipcode 48118
The median age here is 47.70. This age is 125.5% the national median age.
This population is much older than the national average.
The number of male residents is 6,506 with a median age of 45.60 years. The number of female residents is 6,803 with a median age of 50.00 years. This yields a ♂ to ♀ ratio of 0.96
The average household is 2.45 persons and has an income of $85,731.
The average family size in Chelsea is 2.76.
Area Code: 734
Time zone: Eastern USA
Region: Midwest - East North Central
Has Daylight Saving: Yes
Businesses: 345
Employment: 5,640
Medicare Area: Ann Arbor, MI
County: WASHTENAW

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