Sherwood township, MI is an excellent place to invest in residential real estate. The median value of housing is currently at $159,800, which is significantly lower than the US House Median Value of $338,100. In addition, the one-year appreciation rate for housing in Sherwood Township is 10.54%, which is higher than the US House Appreciation rate of 8.27%. Therefore, investing in residential real estate in this area could be a smart move with potential to make good returns.
The median home cost in Sherwood township is $159,800. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Sherwood township is up 14.9%.
Average Age of Homes
- The median age of Sherwood township real estate is 49 years old
The Rental Market in Sherwood township
- Renters make up 7.3% of the Sherwood township population
- 1.5% of houses and apartments in Sherwood township, 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.