The housing market in California, MI is quite strong, with the median value of homes at $140,000. This is lower than the US median of $338,100 but has seen a stronger appreciation rate over the past year of 9.09%, compared to 8.27% across the United States. For those looking for a new home in California, MI, now is a great time to purchase as prices are still relatively low and the appreciation rates show that it is an up-and-coming area.
The median home cost in California is $140,000. Home appreciation the last 10 years has been 106.2%. Home Appreciation in California is up 16.2%.
Average Age of Homes
- The median age of California real estate is 65 years old
The Rental Market in California
- Renters make up 15.3% of the California population
- 0.0% of houses and apartments in California, 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.