The housing market in Chikaming, MI is thriving. The median value of houses in the area is significantly higher than the US median value at $368,100. This is a sign that the area is an attractive place to live and invest in real estate. Furthermore, house appreciation over the past year has been 11.06%, which is much higher than the US average of 8.27%. This shows that real estate in Chikaming continues to be a good investment and that people are increasingly interested in purchasing homes there.
The median home cost in Chikaming is $368,100. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Chikaming is up 19.5%.
Average Age of Homes
- The median age of Chikaming real estate is 56 years old
The Rental Market in Chikaming
- Renters make up 3.2% of the Chikaming population
- 1.2% of houses and apartments in Chikaming, 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.