Lamotte, MI is a great place to buy property. The median housing value in this area is $206,500, which is significantly lower than the US median of $338,100. Over the past year, the US house appreciation rate was 8.27%, while Lamotte saw a slightly lower rate of 6.41%. Therefore, those looking for a more affordable living option with good housing appreciation potential should consider buying in Lamotte.
The median home cost in Lamotte is $206,500. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lamotte is up 12.8%.
Average Age of Homes
- The median age of Lamotte real estate is 44 years old
The Rental Market in Lamotte
- Renters make up 14.4% of the Lamotte population
- 1.3% of houses and apartments in Lamotte, 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.