Housing in Locke, MI is quite a bit lower than the US House Median Value, with an average median value of $257,300 compared to the national median of $338,100. Despite this difference, the housing appreciation in Locke has actually outpaced the national rate over the past year at 8.98%, which is higher than the 8.27% appreciation seen across the country. This indicates that housing in Locke is growing in value at a faster rate than other parts of the country, making it an attractive investment opportunity for potential homebuyers.
The median home cost in Locke is $257,300. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Locke is up 12.2%.
Average Age of Homes
- The median age of Locke real estate is 43 years old
The Rental Market in Locke
- Renters make up 10.2% of the Locke population
- 0.0% of houses and apartments in Locke, 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.