The housing market in Lenox, MI has been doing well over the past year. The median value for a house in Lenox is $220,600, which is much lower than the US house median value of $338,100. Despite this discrepancy, the appreciation rate of houses in Lenox is 7.58%, just slightly lower than the national average of 8.27%. This shows that Lenox's housing market is holding steady and maintaining its value even with less expensive houses.
The median home cost in Lenox is $220,600. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Lenox is up 10.8%.
Average Age of Homes
- The median age of Lenox real estate is 26 years old
The Rental Market in Lenox
- Renters make up 19.5% of the Lenox population
- 0.0% of houses and apartments in Lenox, 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.