The housing market in Frankenlust, MI is very strong. According to recent statistics, the median value of housing in Frankenlust is $231,800, which is significantly lower than the US median value of $338,100. However, over the past year Frankenlust has seen a growth in appreciation rate for housing of 9.82%, compared to 8.27% nationwide. This indicates that investment in property in Frankenlust would be a wise decision for potential buyers looking to capitalize on increased value of properties over time and take advantage of affordable prices right now.
The median home cost in Frankenlust is $231,800. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Frankenlust is up 14.9%.
Average Age of Homes
- The median age of Frankenlust real estate is 28 years old
The Rental Market in Frankenlust
- Renters make up 21.1% of the Frankenlust population
- 1.6% of houses and apartments in Frankenlust, 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.