The housing market in Eau Claire, MI is doing quite well compared to the rest of the US. The median value of a home in Eau Claire is $194,400, which is significantly lower than the national median value of $338,100. However, the 1 year house appreciation rate in Eau Claire has been higher than the national average at 11.06% versus 8.27%. This suggests that there is more stability and demand for homes in this area. With rising values and attractive prices relative to other parts of the country, it's no surprise why people are choosing to invest in this small Michigan town.
The median home cost in Eau Claire is $194,400. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Eau Claire is up 19.5%.
Average Age of Homes
- The median age of Eau Claire real estate is 59 years old
The Rental Market in Eau Claire
- Renters make up 14.4% of the Eau Claire population
- 2.9% of houses and apartments in Eau Claire, 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.