Chelsea, MI is a great place to live with a median housing value of $328,700. This is slightly lower than the US median value of $338,100, yet it still provides excellent housing affordability. Furthermore, the one year house appreciation in Chelsea, MI has been 8.47%, which is slightly higher than the national average of 8.27%. Therefore, if you are looking for an affordable place to purchase real estate that is likely to appreciate in value over time then Chelsea, MI may be a good option for you.
The median home cost in Chelsea is $328,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Chelsea is up 13.1%.
Average Age of Homes
- The median age of Chelsea real estate is 45 years old
The Rental Market in Chelsea
- Renters make up 35.5% of the Chelsea population
- 0.0% of houses and apartments in Chelsea, 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.