Imlay City, MI is a great place to invest in real estate. The median value for houses in the area is $231,300 which is significantly lower than the US median value of $338,100. Although the yearly appreciation rate for housing in Imlay City was slightly lower at 6.41% compared to the national average of 8.27%, it still offers an attractive return on investment and stability in property values.
The median home cost in Imlay City is $231,300. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Imlay City is up 12.8%.
Average Age of Homes
- The median age of Imlay City real estate is 44 years old
The Rental Market in Imlay City
- Renters make up 39.7% of the Imlay City population
- 0.0% of houses and apartments in Imlay City, 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.