Galesburg, MI is an excellent place to invest in housing. The median value of houses in Galesburg is $146,500, which is significantly lower than the US median home value of $338,100. Additionally, Galesburg has experienced a 1-year house appreciation rate of 10.54%, which is higher than the national average of 8.27%. This makes Galesburg an attractive option for potential home buyers who are looking for a good deal in terms of price and appreciation.
The median home cost in Galesburg is $146,500. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Galesburg is up 14.9%.
Average Age of Homes
- The median age of Galesburg real estate is 56 years old
The Rental Market in Galesburg
- Renters make up 32.2% of the Galesburg population
- 6.3% of houses and apartments in Galesburg, 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.