The housing market in Echo, MI is thriving and thriving well above the national average. The median value of a home here is $212,700, significantly lower than the US House Median Value of $338,100. However, in just 1 year's time the appreciation rate for homes in Echo has increased by 16.34%, far surpassing the 8.27% increase across the US as a whole. This is indicative of a strong real estate market where investors and first-time buyers alike can benefit from great returns on their investment. There has never been a better time to invest in housing in Echo!
The median home cost in Echo is $212,700. Home appreciation the last 10 years has been 102.8%. Home Appreciation in Echo is up 21.1%.
Average Age of Homes
- The median age of Echo real estate is 37 years old
The Rental Market in Echo
- Renters make up 7.0% of the Echo population
- 0.4% of houses and apartments in Echo, 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.