Broomfield, MI has a median housing value of $233,200, which is significantly lower than the US median value of $338,100. Despite this, the housing market in Broomfield has seen greater appreciation over the last year at 10.75% compared to the national average of 8.27%. This suggests that there is a strong demand for homes in Broomfield and that its real estate market is still relatively healthy despite the lower median values.
The median home cost in Broomfield is $233,200. Home appreciation the last 10 years has been 108.4%. Home Appreciation in Broomfield is up 14.2%.
Average Age of Homes
- The median age of Broomfield real estate is 27 years old
The Rental Market in Broomfield
- Renters make up 9.9% of the Broomfield population
- 0.0% of houses and apartments in Broomfield, 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.