Fairbanks, MI is a great area for those looking to purchase a home. The median value of housing in the area is $169,400 which is significantly lower than the US median of $338,100, making it more affordable for potential homeowners. Furthermore, while the US median house appreciation rate last year was only 8.27%, Fairbanks MI had an impressive 12.90% rise in home value - making it a very favorable place for those looking to invest in real estate.
The median home cost in Fairbanks is $169,400. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Fairbanks is up 23.1%.
Average Age of Homes
- The median age of Fairbanks real estate is 39 years old
The Rental Market in Fairbanks
- Renters make up 2.6% of the Fairbanks population
- 0.0% of houses and apartments in Fairbanks, 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.