The housing market in Burr Oak, MI is booming. The median value of houses in the area is currently sitting at $153,900, which is significantly lower than the US national average of $338,100. This makes Burr Oak an attractive place to buy a home for potential buyers. Not only are house prices relatively affordable, but the recent one-year appreciation rate has been 10.54%, compared to the US national rate of 8.27%. This means that homeowners who invest in Burr Oak real estate can expect to see higher returns on their investments than they would find elsewhere.
The median home cost in Burr Oak is $153,900. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Burr Oak is up 14.9%.
Average Age of Homes
- The median age of Burr Oak real estate is 68 years old
The Rental Market in Burr Oak
- Renters make up 26.1% of the Burr Oak population
- 0.0% of houses and apartments in Burr Oak, 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.