Central Lake township, MI is a great place to invest in real estate due to its above-average house appreciation rate. The median value of housing in the town is $248,700, which is significantly lower than the US median value of $338,100. In the last year alone, there has been an increase in home value of 15.50%, significantly higher than the US average property appreciation rate of 8.27%. Investing in this area could be a great move for those looking to diversify their portfolio or buy a new home.
The median home cost in Central Lake township is $248,700. Home appreciation the last 10 years has been 122.1%. Home Appreciation in Central Lake township is up 19.8%.
Average Age of Homes
- The median age of Central Lake township real estate is 43 years old
The Rental Market in Central Lake township
- Renters make up 10.5% of the Central Lake township population
- 1.2% of houses and apartments in Central Lake township, 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.