The housing market in Bismarck, MI is thriving. The median value of homes in the area is $170,300, which is much lower than the US median value of $338,100. This makes the area particularly attractive to prospective buyers looking for an affordable option. What's more, the 1 year house appreciation rate in Bismarck is 16.52%, almost double the national average of 8.27%. This indicates that this market is steadily increasing and a great opportunity for investors or those interested in homeownership.
The median home cost in Bismarck is $170,300. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Bismarck is up 21.4%.
Average Age of Homes
- The median age of Bismarck real estate is 43 years old
The Rental Market in Bismarck
- Renters make up 1.6% of the Bismarck population
- 0.4% of houses and apartments in Bismarck, 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.