The housing market in Okemos, MI is vibrant and healthy. The median value of a home in the city is $326,500, which is slightly lower than the national median value of $338,100. Despite this difference in price, the 1 year appreciation rate for houses in Okemos is 8.98%, slightly higher than the national rate of 8.27%. This indicates that there is strong demand for housing in Okemos and that property values are continuing to rise steadily. The steady appreciation rate suggests that now may be a good time to invest in property in Okemos and secure a long-term return on investment.
The median home cost in Okemos is $326,500. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Okemos is up 12.2%.
Average Age of Homes
- The median age of Okemos real estate is 37 years old
The Rental Market in Okemos
- Renters make up 33.8% of the Okemos population
- 3.1% of houses and apartments in Okemos, 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.