The housing market in East Jordan, MI is doing very well compared to the US as a whole. The median value of homes in East Jordan is $245,500, which is significantly lower than the US median house value of $338,100. However, this does not mean that East Jordan's housing market isn't performing well. In fact, it has seen an impressive 16.52% appreciation over the past year while the rest of the country has only seen a 8.27% appreciation rate. This shows that despite a lower starting point for home values, East Jordan's housing market is still thriving and offers great potential for homeowners or investors looking to buy in the area.
The median home cost in East Jordan is $245,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in East Jordan is up 21.4%.
Average Age of Homes
- The median age of East Jordan real estate is 50 years old
The Rental Market in East Jordan
- Renters make up 21.0% of the East Jordan population
- 1.2% of houses and apartments in East Jordan, 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.