Housing in Albion, MI is significantly more affordable than the national average. The median value for a house in Albion, MI is currently $103,700 compared to the US median of $338,100. Furthermore, the one year house appreciation rate for Albion is 9.09%, which is actually higher than the 8.27% appreciation rate across the country. This indicates that investment in housing in Albion could be a good option for those looking to take advantage of lower prices and an increasing market value.
The median home cost in Albion is $103,700. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Albion is up 16.2%.
Average Age of Homes
- The median age of Albion real estate is 72 years old
The Rental Market in Albion
- Renters make up 33.5% of the Albion population
- 2.7% of houses and apartments in Albion, 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.