The housing market in Advance, MI is very strong. The median value of homes in the area is currently $495,000, which is significantly higher than the national median value of $338,100. Additionally, the appreciation rate for homes in Advance has been even more impressive over the past year at 16.52%, compared to 8.27% nationally. This means that homes in Advance are not only expensive but also have seen a large increase in value over the past 12 months. With such an impressive performance, it is no wonder why people are clamoring to buy houses in Advance.
The median home cost in Advance is $495,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Advance is up 21.4%.
Average Age of Homes
- The median age of Advance real estate is 44 years old
The Rental Market in Advance
- Renters make up 7.7% of the Advance population
- 0.0% of houses and apartments in Advance, 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.