The housing market in Penn, MI is thriving, with the median value of homes being $348,100. This is slightly higher than the US median value of $338,100. In addition, the one-year appreciation rate for housing in Penn, MI is 10.54%, which is higher than the national rate of 8.27%. This means that the value of homes in Penn, MI have increased significantly over the last year and is indicative of a strong and healthy housing market.
The median home cost in Penn is $348,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Penn is up 14.9%.
Average Age of Homes
- The median age of Penn real estate is 53 years old
The Rental Market in Penn
- Renters make up 6.7% of the Penn population
- 0.0% of houses and apartments in Penn, 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.