The housing market in Ellington, MI is doing well, with a median value of $178,600 and an appreciation rate of 9.81% over the past year. This is significantly higher than the US house median value of $338,100 and the 8.27% one-year appreciation rate seen across the United States as a whole. Given these figures, it appears that investing in real estate in Ellington is a sound option for prospective homeowners or investors looking to capitalize on potential future gains.
The median home cost in Ellington is $178,600. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Ellington is up 14.8%.
Average Age of Homes
- The median age of Ellington real estate is 42 years old
The Rental Market in Ellington
- Renters make up 18.9% of the Ellington population
- 0.0% of houses and apartments in Ellington, 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.