Housing in Ellis, MI is a great investment for buyers. The median value of housing in Ellis is $282,800, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Ellis has been 16.52%, which is much higher than the US house appreciation rate of 8.27%. This indicates that home values are increasing at a faster rate in Ellis compared to the rest of the United States. Therefore, investing in housing in Ellis, MI can be a wise financial move and could yield great returns for buyers.
The median home cost in Ellis is $282,800. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Ellis is up 21.4%.
Average Age of Homes
- The median age of Ellis real estate is 27 years old
The Rental Market in Ellis
- Renters make up 6.7% of the Ellis population
- 1.5% of houses and apartments in Ellis, 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.