Alcona, MI is currently experiencing a high demand in the housing market with its median value being $201,400 and appreciating by 10.30%. This is slightly higher than the US House Median Value of $338,100 and US 1 year House Appreciation of 8.27%, which indicates that Alcona is seeing more positive growth than other areas across the nation. With this boost in growth comes an increase in the number of potential buyers looking to purchase in this area, making Alcona a desirable place to invest in real estate.
The median home cost in Alcona is $201,400. Home appreciation the last 10 years has been 85.9%. Home Appreciation in Alcona is up 15.3%.
Average Age of Homes
- The median age of Alcona real estate is 44 years old
The Rental Market in Alcona
- Renters make up 1.5% of the Alcona population
- 0.7% of houses and apartments in Alcona, 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.