Schoolcraft, MI is a great place to invest in real estate. The median value of housing in the area is currently $278,500, which is significantly lower than the US house median value of $338,100. Even better, the one-year appreciation rate for homes in Schoolcraft is 10.54%, versus 8.27% nationally. This means that homeowners in Schoolcraft could see an average increase of over 2% on their investment this year alone. With these favorable numbers and a comparatively low median value of housing, Schoolcraft offers good potential for anyone looking to purchase real estate.
The median home cost in Schoolcraft is $278,500. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Schoolcraft is up 14.9%.
Average Age of Homes
- The median age of Schoolcraft real estate is 57 years old
The Rental Market in Schoolcraft
- Renters make up 32.9% of the Schoolcraft population
- 1.3% of houses and apartments in Schoolcraft, 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.