Trout Lake, MI is a small town with an affordable housing market. The median value of houses in Trout Lake is $152,300, which is significantly lower than the US median house value of $338,100. Despite the lower values compared to the US average, Trout Lake has seen a higher increase in housing appreciation over the past year at 16.51%, compared to the 8.27% appreciation rate for houses across the US. This makes Trout Lake a great option for anyone looking to purchase or invest in property in a relatively inexpensive area that also appears to have excellent long-term growth potential.
The median home cost in Trout Lake is $152,300. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Trout Lake is up 21.4%.
Average Age of Homes
- The median age of Trout Lake real estate is 40 years old
The Rental Market in Trout Lake
- Renters make up 6.4% of the Trout Lake population
- 1.2% of houses and apartments in Trout Lake, 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.