Richland, MI is a great place to invest in real estate. The median value of housing in the area is $316,200, which is slightly lower than the US house median value of $338,100. However, the 1-year house appreciation in Richland, MI was 10.54%, which was higher than the US average of 8.27%. This shows that property values are increasing rapidly in Richland compared to other parts of the country. With this kind of growth it is clear that investing in real estate in Richland MI is a smart move.
The median home cost in Richland is $316,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Richland is up 14.9%.
Average Age of Homes
- The median age of Richland real estate is 27 years old
The Rental Market in Richland
- Renters make up 18.4% of the Richland population
- 0.0% of houses and apartments in Richland, 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.