Litchfield, MI is a great place to live for those looking to purchase property. The median value of homes in the area is $166,700 which is significantly lower than the national median of $338,100. The appreciation of home values in Litchfield over the last year has been 9.09%, higher than the national average of 8.27%. This trend suggests that homes in Litchfield are a great investment and will appreciate at a higher rate than most other cities nationally.
The median home cost in Litchfield is $166,700. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Litchfield is up 16.2%.
Average Age of Homes
- The median age of Litchfield real estate is 51 years old
The Rental Market in Litchfield
- Renters make up 30.5% of the Litchfield population
- 3.0% of houses and apartments in Litchfield, 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.