New Era, MI has seen a significant increase in housing value over the past year. The median value of a house in New Era is $185,400, compared to the US median value of $338,100. This serves as an indication of the strong economy and stable housing market in New Era. Furthermore, the 1 year house appreciation is 13.62% in New Era, which is significantly higher than the US appreciation rate of 8.27%. This speaks to the strength of the housing market in New Era and reflects positively on potential buyers considering a move into this community.
The median home cost in New Era is $185,400. Home appreciation the last 10 years has been 124.7%. Home Appreciation in New Era is up 16.5%.
Average Age of Homes
- The median age of New Era real estate is 55 years old
The Rental Market in New Era
- Renters make up 12.1% of the New Era population
- 0.0% of houses and apartments in New Era, 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.