The housing market in Arbela, MI is very strong. The median value of homes is $184,300 which is significantly lower than the US median of $338,100. Despite the lower value, the 1 year house appreciation in Arbela, MI is higher than the US average at 9.03% compared to 8.27%. This indicates that there is a lot of demand for homes in Arbela and that values are likely to continue to increase over the next year.
The median home cost in Arbela is $184,300. Home appreciation the last 10 years has been 92.5%. Home Appreciation in Arbela is up 14.3%.
Average Age of Homes
- The median age of Arbela real estate is 44 years old
The Rental Market in Arbela
- Renters make up 11.8% of the Arbela population
- 0.3% of houses and apartments in Arbela, 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.