The housing market in Thomas, MI is doing well. The median value of a house in Thomas is $203,800, which is much lower than the U.S. median value of $338,100. Yet the past year has seen an appreciation rate of 9.86%, which is higher than the U.S. average of 8.27%. This means that the housing market in Thomas is growing at a fast pace and could be a great place to invest in real estate or purchase a new home for a family.
The median home cost in Thomas is $203,800. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Thomas is up 15.7%.
Average Age of Homes
- The median age of Thomas real estate is 40 years old
The Rental Market in Thomas
- Renters make up 11.6% of the Thomas population
- 1.5% of houses and apartments in Thomas, 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.