The housing market in Interlochen, MI is thriving. The median value of homes in this area is currently at $292,000 which is significantly lower than the US median value of $338,100. Over the past year, the US house appreciation rate has been 8.27%, whereas, the house appreciation rate in Interlochen, MI has been 15.49%. This makes it a great opportunity for potential buyers and investors to take advantage of this booming market.
The median home cost in Interlochen is $292,000. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Interlochen is up 19.8%.
Average Age of Homes
- The median age of Interlochen real estate is 20 years old
The Rental Market in Interlochen
- Renters make up 34.9% of the Interlochen population
- 19.6% of houses and apartments in Interlochen, 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.