The housing market in Niles, MI is currently booming. The median value of homes is $165,100, which is significantly lower than the median value of homes in the United States at $338,100. In addition to this more affordable value, the 1 year house appreciation rate is 11.06% in Niles, MI compared to 8.27% nationwide. This makes this location a great place to invest in a home for those looking for an area with potential growth and value.
The median home cost in Niles is $165,100. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Niles is up 19.5%.
Average Age of Homes
- The median age of Niles real estate is 64 years old
The Rental Market in Niles
- Renters make up 35.8% of the Niles population
- 2.9% of houses and apartments in Niles, 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.