The housing market in Michigantown, IN is booming right now. The median value of a house in Michigantown is $174,500, significantly lower than the US median house value of $338,100. Furthermore, the 1 year appreciation rate of houses in Michigantown is 13.98%, which is over 5% higher than the US average of 8.27%. This makes it a great time to buy or invest in real estate in Michigantown as prices are still relatively low and there is potential for significant growth if people can act quickly enough to take advantage of these opportunities.
The median home cost in Michigantown is $174,500. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Michigantown is up 18.4%.
Average Age of Homes
- The median age of Michigantown real estate is 72 years old
The Rental Market in Michigantown
- Renters make up 39.0% of the Michigantown population
- 5.7% of houses and apartments in Michigantown, 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.