Lakefield township (Luce County), MI is a great place to buy a home. The median value of housing in the area is $188,200, which is significantly lower than the US median house value of 338,100. In terms of appreciation, homes in Lakefield township have seen an impressive 12.90% increase in value over the past year, compared to only 8.27% nationally. This makes it an attractive proposition for those looking to break into the housing market or invest in property. With its low median value and higher than average appreciation rate, Lakefield township provides great opportunities for potential buyers and investors alike.
The median home cost in Lakefield township (Luce County) is $188,200. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Lakefield township (Luce County) is up 23.1%.
Average Age of Homes
- The median age of Lakefield township (Luce County) real estate is 33 years old
The Rental Market in Lakefield township (Luce County)
- Renters make up 6.8% of the Lakefield township (Luce County) population
- 0.0% of houses and apartments in Lakefield township (Luce 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.