Long Lake, MI is a great place to invest in real estate due to its higher than average house appreciation rate. The current median value of homes in Long Lake stands at $469,100, which is substantially higher than the US median of $338,100. Furthermore, house values in Long Lake have appreciated by 15.49% over the past year, much greater than the national appreciation rate of 8.27%. This indicates that investing in property in this area can be a wise decision for those looking to experience strong financial gains.
The median home cost in Long Lake is $469,100. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Long Lake is up 19.8%.
Average Age of Homes
- The median age of Long Lake real estate is 26 years old
The Rental Market in Long Lake
- Renters make up 10.1% of the Long Lake population
- 0.0% of houses and apartments in Long Lake, 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.