The housing in Empire, MI is considerably higher than the US median value for houses. The median value for homes in Empire, MI is $536,000 compared to the US median of $338,100. Additionally, the appreciation of homes in Empire, MI over the past year was 15.49%, which is 7.22% higher than the national average of 8.27%. This information suggests that housing in Empire, MI has been considerably more expensive and appreciated more quickly than the US average over the past year.
The median home cost in Empire is $536,000. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Empire is up 19.8%.
Average Age of Homes
- The median age of Empire real estate is 48 years old
The Rental Market in Empire
- Renters make up 15.9% of the Empire population
- 6.4% of houses and apartments in Empire, 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.