The housing market in Michiana Shores, IN is booming. The median value of homes in the area is $505,900, which is considerably higher than the US median house value of $338,100. The appreciation rate for housing over the last year has been 9.67%, showing a steady increase in property values over time. This is higher than the US average of 8.27%. With such favorable conditions for homeowners, it's no wonder that Michiana Shores has been a popular destination for those looking to buy or invest in real estate.
The median home cost in Michiana Shores is $505,900. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Michiana Shores is up 14.2%.
Average Age of Homes
- The median age of Michiana Shores real estate is 60 years old
The Rental Market in Michiana Shores
- Renters make up 3.5% of the Michiana Shores population
- 0.0% of houses and apartments in Michiana Shores, 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.