Lockport, Michigan is a small town with an excellent housing market. The median value of homes in Lockport is $221,200, which is considerably lower than the US House Median of $338,100. Despite its affordability, the housing market in Lockport has seen a significant appreciation rate of 10.54% – higher than the national average of 8.27%. This increase in value makes Lockport an attractive place to live for many potential homeowners looking for a great deal on their next home purchase.
The median home cost in Lockport is $221,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Lockport is up 14.9%.
Average Age of Homes
- The median age of Lockport real estate is 41 years old
The Rental Market in Lockport
- Renters make up 9.6% of the Lockport population
- 1.5% of houses and apartments in Lockport, 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.