The housing market in Churchill, MI is quite impressive, with the median value of homes standing at $199,700. This is significantly lower than the US House Median Value of $338,100, yet despite this difference it has still seen a large increase year on year in terms of appreciation. In fact, the 1 year House Appreciation rate for Churchill is 9.85%, far higher than the US average of 8.27%. As such, it seems likely that investing in the housing market here could be very lucrative for those looking to make a wise purchase.
The median home cost in Churchill is $199,700. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Churchill is up 15.6%.
Average Age of Homes
- The median age of Churchill real estate is 38 years old
The Rental Market in Churchill
- Renters make up 5.9% of the Churchill population
- 0.0% of houses and apartments in Churchill, 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.