Gibraltar, MI is a great place to purchase a home. The median value of houses in the area is $219,400, which is lower than the US median house value of $338,100. In the past year, house appreciation has been higher in Gibraltar, MI than the national average at 8.47%. This makes Gibraltar an attractive option for those looking for a good return on their housing investment. With its low median housing value and steady appreciation rate, Gibraltar is an ideal location to consider when purchasing a home.
The median home cost in Gibraltar is $219,400. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Gibraltar is up 13.1%.
Average Age of Homes
- The median age of Gibraltar real estate is 45 years old
The Rental Market in Gibraltar
- Renters make up 17.3% of the Gibraltar population
- 2.1% of houses and apartments in Gibraltar, 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.