The housing market in Reed City, MI is strong and growing. The median housing value in the area is $140,300, making it much more affordable than the US house median of $338,100. The US house appreciation rate over one year has been 8.27%, while the Reed City, MI rate was even higher at 15.49%. This shows that housing in this area is increasingly attractive to potential buyers looking for a good investment opportunity and a great place to live.
The median home cost in Reed City is $140,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Reed City is up 19.8%.
Average Age of Homes
- The median age of Reed City real estate is 58 years old
The Rental Market in Reed City
- Renters make up 45.9% of the Reed City population
- 1.9% of houses and apartments in Reed City, 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.