Ludington Metro Area, MI Housing

The housing in the Ludington, MI Metro Area is significantly more affordable than the national average. With a median value of $193,200, it is considerably lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation in Ludington, MI Metro Area is 12.54%, which is higher than the US 1 year house appreciation, which stands at 8.27%. With this combination of affordability and value growth potential, it is no surprise that homebuyers are increasingly looking to purchase property in Ludington.

The median home cost in Ludington Metro Area is $193,200. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Ludington Metro Area is up 16.5%.

Average Age of Homes

- The median age of Ludington Metro Area real estate is 42 years old

The Rental Market in Ludington Metro Area

- Renters make up 17.6% of the Ludington Metro Area population
- 0.3% of houses and apartments in Ludington Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ludington, Michigan	United States
	17,387.0	139,647,020.0
	46	42
	$193,200	$338,100
	16.5%	16.6%
	63.3%	57.0%
	124.7%	101.1%
	$11.95	$10.98
	$1,911	$2,690
	54.1%	57.4%
	30.2%	11.2%
	15.7%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	1.0%	0.4%
	24.0%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	3.3%	2.4%
	5.1%	2.8%
	8.0%	3.9%
	8.6%	4.5%
	18.6%	11.3%
	18.0%	13.0%
	22.1%	20.1%
	7.7%	13.6%
	2.9%	8.3%
	1.9%	9.7%
	1.1%	3.9%
	0.9%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	13.9%	13.6%
	11.9%	13.2%
	15.4%	14.8%
	13.9%	13.6%
	11.8%	10.0%
	5.3%	4.7%
	17.9%	12.2%

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