Flat Rock, MI is a great place to live for those looking for an affordable housing market. The median value of housing in Flat Rock is $229,900 which is significantly lower than the US House median value of $338,100. Despite this difference in value, house appreciation in Flat Rock has still been on par with the national average over the past year at 8.47%. This means that those who invest in housing in Flat Rock are likely to see a similar return on their investment as compared to other parts of the country.
The median home cost in Flat Rock is $229,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Flat Rock is up 13.1%.
Average Age of Homes
- The median age of Flat Rock real estate is 35 years old
The Rental Market in Flat Rock
- Renters make up 22.7% of the Flat Rock population
- 2.0% of houses and apartments in Flat Rock, 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.