Housing in Baraga, MI is an attractive option for potential homeowners looking to buy property. The median value of a home in this small Michigan town is $135,900, which is much lower than the US median house value of $338,100. Additionally, the 1 year appreciation rate for homes in Baraga was 12.24%, significantly higher than the national average of 8.27%. These facts suggest that housing in Baraga is a great option for those looking to invest and receive a solid return on their investment.
The median home cost in Baraga is $135,900. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Baraga is up 18.2%.
Average Age of Homes
- The median age of Baraga real estate is 49 years old
The Rental Market in Baraga
- Renters make up 32.2% of the Baraga population
- 1.1% of houses and apartments in Baraga, 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.