The housing market in Michigan City, IN is a great investment. The median value of homes in the city is $148,900, which is much lower than the US median house value of $338,100. Furthermore, the one-year house appreciation rate for Michigan City is 9.67%, which is higher than the US average of 8.27%. This indicates that there is potential for growth in real estate prices within this city and makes investing in property there an appealing option.
The median home cost in Michigan City is $148,900. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Michigan City is up 14.2%.
Average Age of Homes
- The median age of Michigan City real estate is 56 years old
The Rental Market in Michigan City
- Renters make up 39.1% of the Michigan City population
- 2.1% of houses and apartments in Michigan City, 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.