The housing market in Monterey, MI is very strong. The median value of a home in the area is $233,300, which is significantly lower than the US median value of $338,100. Despite this difference, the one year appreciation rate for homes in Monterey MI was 11.72%, higher than the US one year appreciation rate at 8.27%. This indicates that the housing market in Monterey MI is thriving and is a great place to invest in real estate.
The median home cost in Monterey is $233,300. Home appreciation the last 10 years has been 106.9%. Home Appreciation in Monterey is up 15.6%.
Average Age of Homes
- The median age of Monterey real estate is 28 years old
The Rental Market in Monterey
- Renters make up 14.5% of the Monterey population
- 0.0% of houses and apartments in Monterey, 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.