Elm River, MI is a desirable location for those looking to invest in real estate due to its relatively high median value of $294,400 compared to the US house median value of $338,100. Additionally, Elm River has experienced a 12.24% appreciation rate in the past year compared to the national 8.27%. This makes it an attractive option for potential buyers looking to move into or invest in the area.
The median home cost in Elm River is $294,400. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Elm River is up 18.2%.
Average Age of Homes
- The median age of Elm River real estate is 53 years old
The Rental Market in Elm River
- Renters make up 0.6% of the Elm River population
- 0.0% of houses and apartments in Elm River, 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.