The housing market in Lake Isabella, MI is doing well compared to the rest of the nation. The median value of homes in the town is $209,100, significantly lower than the national average of $338,100. Although the US 1 year house appreciation is 8.27%, the 1 year appreciation rate for homes in Lake Isabella has been even higher at 8.98%. This indicates that housing values in Lake Isabella are increasing faster than they are nationally, making it an attractive option for people looking for a new place to call home.
The median home cost in Lake Isabella is $209,100. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lake Isabella is up 12.2%.
Average Age of Homes
- The median age of Lake Isabella real estate is 20 years old
The Rental Market in Lake Isabella
- Renters make up 4.2% of the Lake Isabella population
- 0.0% of houses and apartments in Lake Isabella, 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.