The housing market in Dollar Bay, MI is thriving. The median value for houses in the area is $125,100, significantly less than the US median house value of $338,100. Despite this difference in price point, the area has experienced an impressive 1 year house appreciation rate of 12.24%, which is higher than the national average of 8.27%. These figures indicate that Dollar Bay is a great place to invest in real estate and can provide a high return on investment for those looking to purchase a home.
The median home cost in Dollar Bay is $125,100. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Dollar Bay is up 18.2%.
Average Age of Homes
- The median age of Dollar Bay real estate is 57 years old
The Rental Market in Dollar Bay
- Renters make up 20.8% of the Dollar Bay population
- 0.0% of houses and apartments in Dollar Bay, 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.