Grout, MI is a city with a median house value of $159,800 which is significantly lower than the U.S. average median house value of $338,100. Despite this difference in values, Grout experiences higher home appreciation rates than the national average at 9.86% compared to 8.27%. This increased appreciation rate indicates that Grout is an attractive city for homebuyers due to the potential for their investment in housing to pay off quicker than the national average.
The median home cost in Grout is $159,800. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Grout is up 15.7%.
Average Age of Homes
- The median age of Grout real estate is 41 years old
The Rental Market in Grout
- Renters make up 4.5% of the Grout population
- 0.0% of houses and apartments in Grout, 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.