Housing in Sault Ste. Marie, MI is relatively affordable compared to the US House median value of $338,100. The median value for a house in Sault Ste. Marie is $140,000 which is much more reasonable than other areas of the US. Not only that, but the appreciation rate for housing in Sault Ste. Marie is also higher than average at 16.52%, compared to 8.27% nationally. This makes Sault Ste. Marie an ideal place to invest in real estate for those looking for fast appreciation values and affordability.
The median home cost in Sault Ste. Marie is $140,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Sault Ste. Marie is up 21.4%.
Average Age of Homes
- The median age of Sault Ste. Marie real estate is 62 years old
The Rental Market in Sault Ste. Marie
- Renters make up 40.3% of the Sault Ste. Marie population
- 1.8% of houses and apartments in Sault Ste. Marie, 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.