The housing market in Lake Odessa, MI is strong and growing. The median value of houses in the area is $205,300, which is substantially lower than the national median of $338,100. This makes living in Lake Odessa much more affordable than many other areas across the country. Additionally, the one year appreciation rate for homes in Lake Odessa is 8.98%, higher than the US average of 8.27%. This indicates that the housing market in Lake Odessa is on an upward trajectory and presents a great opportunity for potential residents looking to purchase a home in this area.
The median home cost in Lake Odessa is $205,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lake Odessa is up 12.2%.
Average Age of Homes
- The median age of Lake Odessa real estate is 71 years old
The Rental Market in Lake Odessa
- Renters make up 20.1% of the Lake Odessa population
- 1.6% of houses and apartments in Lake Odessa, 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.