Housing in Backus, MI is a great investment opportunity. The median value of homes in the area is currently at $173,700, which is significantly lower than the US median value of $338,100. Over the past year, house appreciation in Backus, MI has risen by 9.86%, higher than the national average of 8.27%. This makes now a great time to invest in housing in Backus, MI as prices are likely to continue to go up.
The median home cost in Backus is $173,700. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Backus is up 15.7%.
Average Age of Homes
- The median age of Backus real estate is 40 years old
The Rental Market in Backus
- Renters make up 4.5% of the Backus population
- 0.0% of houses and apartments in Backus, 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.