The housing market in Coloma, MI is very strong. The median value of a house in Coloma is $206,000, which is significantly lower than the US median value of $338,100. Despite this difference in prices, the appreciation rate for homes in Coloma has been higher than the nationwide average. In the last year alone, home values have increased by an impressive 10.54%, outpacing the 8.27% appreciation rate seen across the United States. This indicates that the housing market in Coloma may be poised to continue to outperform.
The median home cost in Coloma is $206,000. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Coloma is up 14.9%.
Average Age of Homes
- The median age of Coloma real estate is 62 years old
The Rental Market in Coloma
- Renters make up 22.5% of the Coloma population
- 4.5% of houses and apartments in Coloma, 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.