The housing market in Franklin Township (Houghton County), MI is thriving, evidenced by the median house value of $201,000, which is significantly lower than the US median house value of $338,100. Furthermore, the 1-year house appreciation rate in Franklin township (Houghton County), MI is 12.24%, much higher than the US average of 8.27%. This shows that real estate investments in this area are especially profitable and attractive to potential homeowners or investors.
The median home cost in Franklin township (Houghton County) is $201,000. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Franklin township (Houghton County) is up 18.2%.
Average Age of Homes
- The median age of Franklin township (Houghton County) real estate is 74 years old
The Rental Market in Franklin township (Houghton County)
- Renters make up 17.6% of the Franklin township (Houghton County) population
- 1.3% of houses and apartments in Franklin township (Houghton County), 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.