The housing in Bear Lake CDP, MI is quite affordable with the median value at $109,300. This is significantly lower than the US house median value of $338,100. The appreciation rate for homes in Bear Lake CDP, MI in the last year was 15.49%, much higher than the US national average of 8.27%. This makes investing in real estate here a wise decision as it has been appreciating steadily and quickly.
The median home cost in Bear Lake CDP (Kalkaska County) is $109,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Bear Lake CDP (Kalkaska County) is up 19.8%.
Average Age of Homes
- The median age of Bear Lake CDP (Kalkaska County) real estate is 42 years old
The Rental Market in Bear Lake CDP (Kalkaska County)
- Renters make up 0.0% of the Bear Lake CDP (Kalkaska County) population
- 0.0% of houses and apartments in Bear Lake CDP (Kalkaska County), 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.