Housing in Arenac, MI is relatively affordable compared to the national average. The median value of a house in Arenac is $109,700, significantly less than the US median at $338,100. In addition to this lower cost of entry, housing appreciation over the past year has been 9.84%, higher than the US average of 8.27%. Overall, Arenac provides a great investment opportunity for prospective home buyers and investors alike.
The median home cost in Arenac is $109,700. Home appreciation the last 10 years has been 80.0%. Home Appreciation in Arenac is up 15.3%.
Average Age of Homes
- The median age of Arenac real estate is 40 years old
The Rental Market in Arenac
- Renters make up 11.0% of the Arenac population
- 0.0% of houses and apartments in Arenac, 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.