The housing market in Litchfield township, MI is thriving. The median house value in the area is nearly double the national median at $171,900 and has seen an impressive 9.09% appreciation rate over the last year. This rate is even higher than the US average of 8.27%. With such a strong growth in value, it appears that Litchfield township is an attractive place to invest in real estate due to its high returns on investment. With more people looking to relocate or purchase second homes in the area, this could be an ideal time for buyers looking for great deals and sellers hoping to capitalize on a hot market.
The median home cost in Litchfield township is $171,900. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Litchfield township is up 16.2%.
Average Age of Homes
- The median age of Litchfield township real estate is 44 years old
The Rental Market in Litchfield township
- Renters make up 12.3% of the Litchfield township population
- 0.0% of houses and apartments in Litchfield township, 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.