Soo, MI is a great place to invest in housing. The median value of houses in Soo, MI is significantly lower than the US House Median Value of $338,100. However, it has experienced a much higher appreciation rate of 16.52% compared to the US 1 year House Appreciation rate of 8.27%. This makes buying real estate in Soo, MI an excellent investment opportunity for those looking to take advantage of a more affordable housing market and benefit from higher returns on their investments. With a strong local economy and growing population, investing in housing in Soo, MI can be a great long-term financial decision.
The median home cost in Soo is $257,100. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Soo is up 21.4%.
Average Age of Homes
- The median age of Soo real estate is 37 years old
The Rental Market in Soo
- Renters make up 22.0% of the Soo population
- 0.0% of houses and apartments in Soo, 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.