The housing market in Elmwood, MI is doing quite well with a median house value of $139,100. This is significantly lower than the US House Median Value of $338,100. However, the 1 year appreciation rate in Elmwood, MI is 9.81%, which is slightly higher than the national average of 8.27%. This means that the housing market in Elmwood, MI is performing well and houses are increasing in value over time.
The median home cost in Elmwood is $139,100. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Elmwood is up 14.8%.
Average Age of Homes
- The median age of Elmwood real estate is 59 years old
The Rental Market in Elmwood
- Renters make up 15.2% of the Elmwood population
- 0.9% of houses and apartments in Elmwood, 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.