The housing market in Honor, MI is booming. The median value of a house in the area is $315,500, which is slightly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Honor is 15.49%, much higher than the general US rate of 8.27%. This indicates that homes in Honor are rising in value quickly and makes it an attractive market for home buyers and sellers alike.
The median home cost in Honor is $315,500. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Honor is up 19.8%.
Average Age of Homes
- The median age of Honor real estate is 47 years old
The Rental Market in Honor
- Renters make up 18.8% of the Honor population
- 0.0% of houses and apartments in Honor, 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.