Elbridge, MI is a great place to invest in real estate. The median housing value is very affordable at $207,100 compared to the US median of $338,100, making it an attractive option for those looking for an affordable home. Additionally, the one year House Appreciation rate in Elbridge is 13.62%, which is much higher than the US 1 year House Appreciation rate of 8.27%. This high growth rate makes Elbridge an ideal place to invest in real estate as it is likely to yield positive outcomes over the short and long-term.
The median home cost in Elbridge is $207,100. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Elbridge is up 16.5%.
Average Age of Homes
- The median age of Elbridge real estate is 37 years old
The Rental Market in Elbridge
- Renters make up 18.3% of the Elbridge population
- 1.3% of houses and apartments in Elbridge, 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.