The housing market in Lilley, MI is thriving. The median value of a house in the area is $153,600, significantly lower than the US House Median Value of $338,100. This is great news for potential buyers as they can purchase a home for less than the national average. Moreover, there has been an increase in appreciation over the past year with values increasing by 12.54%, higher than the national 1 year House Appreciation rate of 8.27%. This indicates that the housing market in Lilley, MI is strong and growing steadily. It's an ideal location for those looking to purchase a home at an affordable price with potential for future value gains.
The median home cost in Lilley is $153,600. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Lilley is up 16.2%.
Average Age of Homes
- The median age of Lilley real estate is 39 years old
The Rental Market in Lilley
- Renters make up 4.8% of the Lilley population
- 0.7% of houses and apartments in Lilley, 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.