Cherry Grove, MI is a great place to buy a house due to its relatively low median home value of $265,200. This is significantly lower than the US median home value of $338,100. While the US 1 year house appreciation rate is 8.27%, Cherry Grove's 1 year house appreciation rate is even higher at 15.49%. This indicates that homes in Cherry Grove are increasing in value quickly, making it a great investment opportunity.
The median home cost in Cherry Grove is $265,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Cherry Grove is up 19.8%.
Average Age of Homes
- The median age of Cherry Grove real estate is 35 years old
The Rental Market in Cherry Grove
- Renters make up 10.5% of the Cherry Grove population
- 0.0% of houses and apartments in Cherry Grove, 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.