Muskegon, MI is a great place to live and invest in housing. The median housing value in the city is $151,900, which is much lower than the US median of $338,100. Furthermore, the one year house appreciation in Muskegon has been 13.62%, higher than the national average of 8.27%. This makes it an attractive option for potential home buyers due to its affordability and strong rate of appreciation. Furthermore, there are many amenities nearby that residents can enjoy such as shopping centers, restaurants and entertainment venues. Investing in property in Muskegon is therefore a smart decision that can yield long-term gains for those looking to settle down or make money through investing.
The median home cost in Muskegon is $151,900. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Muskegon is up 16.5%.
Average Age of Homes
- The median age of Muskegon real estate is 68 years old
The Rental Market in Muskegon
- Renters make up 42.7% of the Muskegon population
- 4.5% of houses and apartments in Muskegon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.