Mackinaw, MI is a great place to live for those who are looking for a secure and affordable housing option. The median value of a house in Mackinaw is $260,400, which is significantly lower than the U.S. median value of $338,100. In addition to being more affordable than many other places in the country, Mackinaw has also experienced higher house appreciation rates over the past year. Compared to the national 1-year house appreciation rate of 8.27%, Mackinaw’s rate was 16.52%. This indicates that homes in Mackinaw have been steadily increasing in value over the past year, making it an attractive option for homeowners and potential buyers alike.
The median home cost in Mackinaw is $260,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Mackinaw is up 21.4%.
Average Age of Homes
- The median age of Mackinaw real estate is 50 years old
The Rental Market in Mackinaw
- Renters make up 14.7% of the Mackinaw population
- 1.4% of houses and apartments in Mackinaw, 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.