Birch Run, MI is a great place to find a home. The median value of houses in the area is substantially lower than the national average, currently sitting at $168,700 compared to $338,100. This provides an opportunity for people looking for a place to buy a home at an affordable price. Although appreciation rates are lower than the national rate of 8.27%, Birch Run still offers an impressive 6.41% rate of appreciation. This means that despite its lower cost, homeowners can still benefit from increasing property values over time. With its relatively low housing costs and positive appreciation rate, Birch Run is an attractive option for those seeking to purchase a home.
The median home cost in Birch Run is $168,700. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Birch Run is up 12.8%.
Average Age of Homes
- The median age of Birch Run real estate is 38 years old
The Rental Market in Birch Run
- Renters make up 37.8% of the Birch Run population
- 4.2% of houses and apartments in Birch Run, 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.