Inverness, MI has an impressive median housing value of $216,900, significantly higher than the US median housing value of $338,100. Additionally, in the past year Inverness has experienced an impressive house appreciation rate of 16.52%, nearly double the national average of 8.27%. This high rate of appreciation and relatively high housing values mean that Inverness is a great place to invest in real estate.
The median home cost in Inverness is $216,900. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Inverness is up 21.4%.
Average Age of Homes
- The median age of Inverness real estate is 42 years old
The Rental Market in Inverness
- Renters make up 14.6% of the Inverness population
- 0.0% of houses and apartments in Inverness, 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.