The housing market of Somerset, MI is on the rise, with a median value of $249,000 and a one year appreciation rate of 9.09%. This is higher than the US median value of $338,100 and 8.27% one year house appreciation rate nationally. This suggests that the housing market in Somerset, MI is outperforming average national trends. With more people looking to move to this area for its small town charm and abundance of recreational activities, it is no surprise that housing demand is high and values are increasing.
The median home cost in Somerset is $249,000. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Somerset is up 16.2%.
Average Age of Homes
- The median age of Somerset real estate is 37 years old
The Rental Market in Somerset
- Renters make up 8.8% of the Somerset population
- 0.0% of houses and apartments in Somerset, 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.