The housing market in Peninsula, MI is booming. The median value of a house in the area is $808,900, which is more than double the national median value of $338,100. In the past year alone, the US has seen an appreciation of 8.27%, while Penisula, MI has seen an even greater appreciation rate of 15.49%. This demonstrates that Peninsula, MI is becoming increasingly appealing to potential homeowners and investors alike as it offers a great balance between affordability and rapid appreciation.
The median home cost in Peninsula is $808,900. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Peninsula is up 19.8%.
Average Age of Homes
- The median age of Peninsula real estate is 37 years old
The Rental Market in Peninsula
- Renters make up 8.4% of the Peninsula population
- 0.0% of houses and apartments in Peninsula, 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.