The housing market in Norway township, MI is thriving. The median value of homes in the area is currently $228,000, which is much lower than the US House median value of $338,100. However, this lower cost point has not been reflective in appreciation rates. Over the past year, the US House Appreciation rate was 8.27%, while Norway township's house appreciation rate was 12.90%. This data demonstrates the strength of the housing market in Norway township and suggests that now may be a great time to invest in real estate there.
The median home cost in Norway township is $228,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Norway township is up 23.1%.
Average Age of Homes
- The median age of Norway township real estate is 42 years old
The Rental Market in Norway township
- Renters make up 12.2% of the Norway township population
- 1.8% of houses and apartments in Norway township, 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.