The housing market in Shorewood-Tower Hills-Harbert, MI is doing well. The median value for the area is $209,600 which is almost 40% lower than the US median of $338,100. However, in the last year alone, home prices have appreciated by 11.06%, which is significantly higher than the US average of 8.27%. This shows that housing values in Shorewood-Tower Hills-Harbert are growing faster than the national average and could be a great place to invest in property.
The median home cost in Shorewood-Tower Hills-Harbert is $209,600. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Shorewood-Tower Hills-Harbert is up 19.5%.
Average Age of Homes
- The median age of Shorewood-Tower Hills-Harbert real estate is 53 years old
The Rental Market in Shorewood-Tower Hills-Harbert
- Renters make up 2.4% of the Shorewood-Tower Hills-Harbert population
- 1.3% of houses and apartments in Shorewood-Tower Hills-Harbert, 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.