Housing in Lake Michigan Beach, MI is much more affordable than the US median value of $338,100. Despite being a less expensive option, the 1 year appreciation rate for homes in this area is actually higher than the national average at 10.54%. The median value for housing in this area is $141,500, which makes it an attractive option for those looking to purchase a home who may not be able to afford prices in other areas.
The median home cost in Lake Michigan Beach is $141,500. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Lake Michigan Beach is up 14.9%.
Average Age of Homes
- The median age of Lake Michigan Beach real estate is 60 years old
The Rental Market in Lake Michigan Beach
- Renters make up 11.8% of the Lake Michigan Beach population
- 0.0% of houses and apartments in Lake Michigan Beach, 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.