Lake Township (Roscommon County), MI has an impressive housing market with a median home value of $188,800. This is much lower than the US house median value of $338,100, making it an attractive option for potential homeowners. Furthermore, the 1 year house appreciation rate in Lake Township is 9.86%, higher than the national average of 8.27%, demonstrating strong growth in the area's housing market. With this in mind, Lake Township is a great option for individuals or families looking to purchase their first home or invest in real estate.
The median home cost in Lake township (Roscommon County) is $188,800. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Lake township (Roscommon County) is up 15.7%.
Average Age of Homes
- The median age of Lake township (Roscommon County) real estate is 44 years old
The Rental Market in Lake township (Roscommon County)
- Renters make up 3.2% of the Lake township (Roscommon County) population
- 2.3% of houses and apartments in Lake township (Roscommon County), 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.