Dowling, MI is experiencing an above-average appreciation for the housing market compared to the US median. According to the data given, the median value for homes in Dowling is $214,100 and the US house median value is $338,100. The US 1 year house appreciation is 8.27%, while in Dowling it is 10.54%. This shows that although the median value of homes are lower in Dowling than in other areas of the country, they are still appreciating faster than the national average rate. This could be a sign of a healthy housing market and suggests investors may do well by buying property in this area.
The median home cost in Dowling is $214,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Dowling is up 14.9%.
Average Age of Homes
- The median age of Dowling real estate is 63 years old
The Rental Market in Dowling
- Renters make up 18.1% of the Dowling population
- 0.0% of houses and apartments in Dowling, 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.