Banks, MI is a great place to invest in real estate. The median value of houses in Banks is $253,400 which is significantly lower than the U.S. median house value of $338,100. In addition to the attractive price tag, buyers can enjoy an annual appreciation rate of 16.46%, which is much higher than the national average of 8.27%. Investing in property in Banks would be a wise decision for anyone looking to purchase or invest in real estate.
The median home cost in Banks is $253,400. Home appreciation the last 10 years has been 100.0%. Home Appreciation in Banks is up 21.3%.
Average Age of Homes
- The median age of Banks real estate is 45 years old
The Rental Market in Banks
- Renters make up 9.5% of the Banks population
- 0.0% of houses and apartments in Banks, 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.