The housing market in Orleans, MI is strong with a median value of $202,000. This is significantly lower than the US house median value of $338,100. Despite this gap, the one year appreciation rate for houses in Orleans is 8.98%, which is higher than the national average of 8.27%. This proves that real estate investment can be a lucrative option for those looking to buy and sell in the Orleans area.
The median home cost in Orleans is $202,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Orleans is up 12.2%.
Average Age of Homes
- The median age of Orleans real estate is 34 years old
The Rental Market in Orleans
- Renters make up 11.9% of the Orleans population
- 4.2% of houses and apartments in Orleans, 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.