The housing market in Munro, MI is booming. The median value of homes is currently $293,500, which is significantly lower than the US House median value of $338,100. However, while the US saw an appreciation of 8.27% in the past year, Munro experienced a 16.52% increase in housing values. This shows that the housing market in Munro has been growing at a much faster rate than average and provides great potential for investment in real estate.
The median home cost in Munro is $293,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Munro is up 21.4%.
Average Age of Homes
- The median age of Munro real estate is 45 years old
The Rental Market in Munro
- Renters make up 2.2% of the Munro population
- 1.6% of houses and apartments in Munro, 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.