Nelson, MI is a great place to consider investing in housing. With a median value of $249,900, it is significantly lower than the US median value of $338,100. Despite the lower cost of housing in Nelson, the 1 year house appreciation rate is actually higher than the national average at 12.54%, which is 8.27% higher than the US house appreciation rate. This makes Nelson an attractive option for anyone looking to invest in real estate and potentially make a large return on their investment in a relatively short time period.
The median home cost in Nelson is $249,900. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Nelson is up 16.2%.
Average Age of Homes
- The median age of Nelson real estate is 30 years old
The Rental Market in Nelson
- Renters make up 12.2% of the Nelson population
- 0.0% of houses and apartments in Nelson, 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.