The housing market in Montmorency, MI is doing very well. The median value for homes in the area is $181,300, which is significantly lower than the US median value of $338,100. However, what is impressive about the housing market in Montmorency is that it has a 1 year house appreciation of 16.52%, meaning that it has appreciated more than double the US average of 8.27%. This makes Montmorency an attractive option for people wanting to purchase or invest in real estate in the area.
The median home cost in Montmorency is $181,300. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Montmorency is up 21.4%.
Average Age of Homes
- The median age of Montmorency real estate is 42 years old
The Rental Market in Montmorency
- Renters make up 1.9% of the Montmorency population
- 0.0% of houses and apartments in Montmorency, 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.