Lapeer, MI is a desirable location for those looking to purchase a home. The median housing value in Lapeer is $222,900, which is lower than the US house median value of $338,100. In the last year, housing appreciation in the US was 8.27%, while the house appreciation in Lapeer was 6.41%. This means that property values in Lapeer are increasing at a slower rate than the national average, making it an attractive option for potential buyers looking for stability.
The median home cost in Lapeer is $222,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lapeer is up 12.8%.
Average Age of Homes
- The median age of Lapeer real estate is 43 years old
The Rental Market in Lapeer
- Renters make up 42.7% of the Lapeer population
- 2.3% of houses and apartments in Lapeer, 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.