Reno, MI is an area with a strong housing market and increasing value. According to the given figures, the median value of houses in Reno is $154,400, which compares very favorably to the US House Median Value of $338,100. Furthermore, over the past year alone, the US House Appreciation was 8.27%, while the house appreciation in Reno was even higher at 9.81%. It appears that buying a home in Reno could be a wise investment as it would likely increase in value over time.
The median home cost in Reno is $154,400. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Reno is up 14.8%.
Average Age of Homes
- The median age of Reno real estate is 33 years old
The Rental Market in Reno
- Renters make up 6.8% of the Reno population
- 0.0% of houses and apartments in Reno, 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.