The housing market in Ferris, MI is strong with the median home value at $226,300. This is significantly lower than the US median home value of $338,100, making it an attractive option for those looking to buy a home. Furthermore, the 1 year appreciation rate for housing in Ferris is 8.98%, which is slightly higher than the US average of 8.27%. These factors make Ferris a great choice for people looking to invest in real estate while also providing potential homeowners with access to more affordable housing options.
The median home cost in Ferris is $226,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Ferris is up 12.2%.
Average Age of Homes
- The median age of Ferris real estate is 40 years old
The Rental Market in Ferris
- Renters make up 8.4% of the Ferris population
- 1.2% of houses and apartments in Ferris, 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.