The housing market in Lapeer township, MI is currently thriving. The median value of a house in this area is $274,200, which is significantly lower than the US median value of $338,100. Over the last year, the US house appreciation rate was 8.27%, while Lapeer Township experienced an appreciation rate of 6.41%. This indicates that the housing market in Lapeer township is performing well and may be a solid investment for those looking to buy a new home or property in the area.
The median home cost in Lapeer township is $274,200. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lapeer township is up 12.8%.
Average Age of Homes
- The median age of Lapeer township real estate is 40 years old
The Rental Market in Lapeer township
- Renters make up 10.2% of the Lapeer township population
- 1.0% of houses and apartments in Lapeer township, 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.