Housing in Lennon, MI is significantly lower than the US House Median Value, with a median value of $152,900. Despite this discrepancy, the housing market in Lennon, MI has seen some appreciation over the last year at 6.41%, which is slightly below the US 1 year House Appreciation rate of 8.27%. This could be indicative of a slower growth rate in Lennon compared to the rest of the US, and suggests affordable housing options for those looking to move to Lennon.
The median home cost in Lennon is $152,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lennon is up 12.8%.
Average Age of Homes
- The median age of Lennon real estate is 61 years old
The Rental Market in Lennon
- Renters make up 10.1% of the Lennon population
- 0.0% of houses and apartments in Lennon, 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.