Skandia, MI is a great place to invest in real estate. The median housing value in Skandia is $182,200, which is well below the US median value of $338,100. This makes it an attractive market for those looking for affordability. On top of that, the 1 year house appreciation rate in Skandia is 12.90%, which is higher than the national appreciation rate of 8.27%. This indicates a strong and growing market in Skandia and makes it a great place to invest in real estate.
The median home cost in Skandia is $182,200. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Skandia is up 23.1%.
Average Age of Homes
- The median age of Skandia real estate is 51 years old
The Rental Market in Skandia
- Renters make up 10.7% of the Skandia population
- 3.5% of houses and apartments in Skandia, 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.