The housing market in Gore, MI is significantly lower than the national average. The median value of a house in Gore, MI is $226,400 compared to the US median of $338,100. While the US has seen an 8.27% appreciation rate over the past year, Gore, MI only saw a 6.41% increase. This discrepancy suggests that Gore is not keeping up with the nation's growth rate when it comes to housing value. Despite this, many people opt to move here due to its small-town charm and proximity to larger cities like Detroit and Flint.
The median home cost in Gore is $226,400. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Gore is up 12.8%.
Average Age of Homes
- The median age of Gore real estate is 38 years old
The Rental Market in Gore
- Renters make up 3.7% of the Gore population
- 0.0% of houses and apartments in Gore, 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.