The housing market in Escanaba township, MI is quite robust. The median value of a home in the area is $205,700, which is much lower than the US median value of $338,100. Furthermore, the rate of appreciation for homes in this area over the past year has been 12.90%, significantly higher than the national average of 8.27%. Therefore it is a great time to invest in real estate here in Escanaba township as prices are still relatively low and are likely to continue increasing at a rapid pace.
The median home cost in Escanaba township is $205,700. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Escanaba township is up 23.1%.
Average Age of Homes
- The median age of Escanaba township real estate is 40 years old
The Rental Market in Escanaba township
- Renters make up 7.7% of the Escanaba township population
- 0.0% of houses and apartments in Escanaba township, 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.