Big Bay, MI is a great area for housing investments. The housing median value in Big Bay, MI is $219,000, which is significantly lower than the US house median value of $338,100. In addition, the one-year appreciation rate of the houses in Big Bay is 12.90%, much higher than the US one-year house appreciation of 8.27%. This makes Big Bay an attractive option for potential homebuyers and investors looking to capitalize on a rapidly appreciating market.
The median home cost in Big Bay is $219,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Big Bay is up 23.1%.
Average Age of Homes
- The median age of Big Bay real estate is 49 years old
The Rental Market in Big Bay
- Renters make up 3.3% of the Big Bay population
- 0.0% of houses and apartments in Big Bay, 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.