The housing market in Chippewa Lake, OH is thriving with median home values of $178,700, compared to the US median housing value of $338,100. This means that Chippewa Lake is currently a more affordable option for prospective buyers in Ohio. Moreover, the 1 year appreciation rate for homes in Chippewa Lake is 11.04%, which is higher than the US 1 year house appreciation rate of 8.27%. This city's great appreciation rate shows that there is plenty of potential for those looking to invest in real estate.
The median home cost in Chippewa Lake is $178,700. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Chippewa Lake is up 14.6%.
Average Age of Homes
- The median age of Chippewa Lake real estate is 59 years old
The Rental Market in Chippewa Lake
- Renters make up 23.1% of the Chippewa Lake population
- 0.0% of houses and apartments in Chippewa 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.