Erwin, MI is a great place to live for those looking for affordable housing options. The median value of homes in Erwin is $209,500, which is significantly lower than the US median value of $338,100. In addition to the cost savings, Erwin also offers homeowners an impressive 1 year house appreciation of 12.24% which outpaces the national average of 8.27%. This makes Erwin an ideal destination for those looking to maximize their return on investment from real estate purchases.
The median home cost in Erwin is $209,500. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Erwin is up 18.2%.
Average Age of Homes
- The median age of Erwin real estate is 64 years old
The Rental Market in Erwin
- Renters make up 5.0% of the Erwin population
- 15.7% of houses and apartments in Erwin, 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.