The housing in Mitchell, IN is quite affordable compared to the US median value. The median value for a house in Mitchell is $153,400, which is about half of what the US median value is ($338,100). Additionally, over the past year, there has been an 8.27% increase in home values around the US, and 12.85% in Mitchell specifically. This shows that buying a house now in Mitchell would be a good investment as it will likely appreciate more than similar investments made elsewhere.
The median home cost in Mitchell is $153,400. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Mitchell is up 16.7%.
Average Age of Homes
- The median age of Mitchell real estate is 51 years old
The Rental Market in Mitchell
- Renters make up 26.6% of the Mitchell population
- 2.8% of houses and apartments in Mitchell, 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.