The housing market in Bates, MI is thriving. The median value of homes there is $172,700, which is considerably lower than the US median value of $338,100. On top of that, the 1 year house appreciation in Bates is 12.24%, significantly greater than the US average of 8.27%. This indicates that there is a strong demand for housing in Bates and that values are continuing to increase. Investing in this market could be a great opportunity for those looking to make a long-term investment.
The median home cost in Bates is $172,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Bates is up 18.2%.
Average Age of Homes
- The median age of Bates real estate is 44 years old
The Rental Market in Bates
- Renters make up 2.7% of the Bates population
- 0.0% of houses and apartments in Bates, 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.