Housing in Lawton, MI is a great investment. The median value of homes in the area is $231,500, which is considerably lower than the US median house value of $338,100. This makes it an attractive proposition for potential homeowners and investors alike. Moreover, the 1 year house appreciation rate in Lawton, MI stands at 10.54%, which is higher than the US rate of 8.27%. This further reinforces its status as a great place to invest in real estate. In summary, housing in Lawton, MI has excellent potential for added growth and return on investment that should not be overlooked.
The median home cost in Lawton is $231,500. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Lawton is up 14.9%.
Average Age of Homes
- The median age of Lawton real estate is 52 years old
The Rental Market in Lawton
- Renters make up 40.4% of the Lawton population
- 2.6% of houses and apartments in Lawton, 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.