The housing market in Northfield, MI is thriving. The median value of homes is currently at $299,800, which is significantly lower than the US House Median Value of $338,100. Additionally, over the past year, the appreciation rate of homes in Northfield has been 8.47%, which is higher than the US average of 8.27%. These statistics demonstrate that Northfield is an attractive place to purchase a home and invest in real estate.
The median home cost in Northfield is $299,800. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Northfield is up 13.1%.
Average Age of Homes
- The median age of Northfield real estate is 33 years old
The Rental Market in Northfield
- Renters make up 15.8% of the Northfield population
- 0.7% of houses and apartments in Northfield, 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.