Grand Island, MI is home to some great housing opportunities. The median value of a house in Grand Island is $176,900, which is much lower than the US median value of $338,100. In the past year, the US house appreciation rate has been 8.27%, but Grand Island has experienced an even higher rate at 12.90%. This makes it an attractive place to invest in real estate as prices are likely to increase over time.
The median home cost in Grand Island is $176,900. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Grand Island is up 23.1%.
Average Age of Homes
- The median age of Grand Island real estate is 32 years old
The Rental Market in Grand Island
- Renters make up 10.3% of the Grand Island population
- 0.0% of houses and apartments in Grand Island, 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.