Belleville, MI is a great place to invest in housing. The median value of housing in Belleville is $237,700, which is significantly lower than the US House Median Value of $338,100. Despite this difference, the 1 year appreciation rate for housing in Belleville is 8.47%, just slightly higher than the national average of 8.27%. Investing in housing in Belleville offers stability and potential for growth.
The median home cost in Belleville is $237,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Belleville is up 13.1%.
Average Age of Homes
- The median age of Belleville real estate is 44 years old
The Rental Market in Belleville
- Renters make up 36.3% of the Belleville population
- 5.3% of houses and apartments in Belleville, 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.