Housing in Bingham township (Leelanau County), MI is significantly more expensive than the US housing median value. The median value of a house in Bingham township is currently $441,700, which is approximately 30% higher than the US median. Furthermore, whereas the US housing market experienced an appreciation of 8.27% over the past year, homes in Bingham township have appreciated at a rate of 15.49%, which is nearly twice as much and demonstrates that this area has become an increasingly attractive option for home buyers.
The median home cost in Bingham township (Leelanau County) is $441,700. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Bingham township (Leelanau County) is up 19.8%.
Average Age of Homes
- The median age of Bingham township (Leelanau County) real estate is 34 years old
The Rental Market in Bingham township (Leelanau County)
- Renters make up 7.3% of the Bingham township (Leelanau County) population
- 0.4% of houses and apartments in Bingham township (Leelanau 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.