Frederic, MI is a great place to buy a home. The median value is currently $146,200 and this is significantly lower than the US housing median value of $338,100. Furthermore, the one year appreciation rate for homes in Frederic, MI stands at 16.52%, which is considerably higher than the US average of 8.27%. This makes Frederic an incredibly attractive option for those looking to get into the housing market as they can get more bang for their buck in terms of both purchase price and capital appreciation potential.
The median home cost in Frederic is $146,200. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Frederic is up 21.4%.
Average Age of Homes
- The median age of Frederic real estate is 36 years old
The Rental Market in Frederic
- Renters make up 5.6% of the Frederic population
- 0.0% of houses and apartments in Frederic, 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.