The housing market in Empire township, MI is a strong one. The median value of a house in this town is $562,900, which is higher than the US median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in Empire township is 15.49%, which is substantially higher than the US 1 year house appreciation rate of 8.27%. This indicates that the housing market in Empire township is robust and likely to remain so in the near future.
The median home cost in Empire township is $562,900. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Empire township is up 19.8%.
Average Age of Homes
- The median age of Empire township real estate is 32 years old
The Rental Market in Empire township
- Renters make up 6.6% of the Empire township population
- 3.4% of houses and apartments in Empire township, 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.