The housing in Homestead, MI is quite valuable. The median house value in Homestead, MI is $226,200 which is much lower than the US median house value of $338,100. However, what is really impressive about the housing in Homestead, MI are the appreciation rates. In only one year the house values increased by 15.49%, much more than double the national rate of 8.27%. This makes Homestead, MI a great place to invest in real estate and shows that it is a desirable location to live and buy property.
The median home cost in Homestead is $226,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Homestead is up 19.8%.
Average Age of Homes
- The median age of Homestead real estate is 25 years old
The Rental Market in Homestead
- Renters make up 9.9% of the Homestead population
- 0.0% of houses and apartments in Homestead, 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.