The housing market in Algonac, MI is relatively strong and is slightly lower than the median value of the US. The median value of homes in Algonac, MI is $221,800 while the US median value is $338,100. Over the past year, homes in Algonac have appreciated by 7.58% compared to the national average of 8.27%. This demonstrates that housing values in Algonac are increasing at a rate that is marginally lower than the national rate.
The median home cost in Algonac is $221,800. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Algonac is up 10.8%.
Average Age of Homes
- The median age of Algonac real estate is 48 years old
The Rental Market in Algonac
- Renters make up 30.9% of the Algonac population
- 1.6% of houses and apartments in Algonac, 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.