The housing market in Wakefield, MI is quite strong with a median value of $77,200. This number is significantly lower than the U.S. median housing value of $338,100, making it an affordable area to live in. In the last year, house appreciation in Wakefield, MI was 12.24%, which is higher than the national average of 8.27%. This indicates that the housing market in Wakefield is a good investment and likely to appreciate further over time.
The median home cost in Wakefield is $77,200. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Wakefield is up 18.2%.
Average Age of Homes
- The median age of Wakefield real estate is 74 years old
The Rental Market in Wakefield
- Renters make up 21.9% of the Wakefield population
- 1.3% of houses and apartments in Wakefield, 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.