Ada, MI Housing

Ada, MI has seen a strong appreciation in housing value over the past year. The median value of a house in Ada is currently $568,600, which is considerably higher than the US median value of $338,100. This significant increase in housing values can be attributed to the 12.44 % rise in home values that occurred over the last twelve months - well above the national average of 8.27%. It is clear that Ada has become an attractive area for homeowners and potential buyers looking for a place to invest.

The median home cost in Ada is $568,600. Home appreciation the last 10 years has been 124.0%. Home Appreciation in Ada is up 16.1%.

Average Age of Homes

- The median age of Ada real estate is 24 years old

The Rental Market in Ada

- Renters make up 5.0% of the Ada population
- 0.9% of houses and apartments in Ada, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ada, Michigan	United States
	5,173.0	139,647,020.0
	26	42
	$568,600	$338,100
	16.1%	16.6%
	62.8%	57.0%
	124.0%	101.1%
	$13.39	$10.98
	$5,195	$2,690
	92.0%	57.4%
	4.5%	11.2%
	3.4%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.8%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.0%	2.4%
	1.1%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	2.2%	11.3%
	4.1%	13.0%
	19.9%	20.1%
	25.2%	13.6%
	14.2%	8.3%
	14.4%	9.7%
	11.6%	3.9%
	5.9%	2.2%
	0.6%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	24.9%	13.6%
	24.9%	13.6%
	18.4%	13.6%
	8.7%	13.2%
	15.7%	14.8%
	18.4%	13.6%
	3.8%	10.0%
	2.6%	4.7%
	3.5%	12.2%