The housing market in Eagle River, MI is thriving. The median value of a house in the area is currently $253,900 which is significantly lower than the US median value of $338,100. Over the past year, houses have appreciated by 12.24% - much higher than the 8.27% growth seen nationwide. This indicates that Eagle River is an attractive place to purchase housing with potential for future appreciation.
The median home cost in Eagle River is $253,900. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Eagle River is up 18.2%.
Average Age of Homes
- The median age of Eagle River real estate is 58 years old
The Rental Market in Eagle River
- Renters make up 0.5% of the Eagle River population
- 8.0% of houses and apartments in Eagle River, 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.