Housing in Lodi, MI is significantly more expensive than the US median value of $338,100. The median value for homes in Lodi stands at $531,400, which is an impressive 57% higher than the National median. In addition to this, property prices in Lodi have appreciated by 8.47%, which is slightly higher than the 1 year appreciation rate of 8.27% for the US as a whole. This shows that housing in Lodi has been steadily increasing in value over time, making it a great investment opportunity for potential home buyers.
The median home cost in Lodi is $531,400. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Lodi is up 13.1%.
Average Age of Homes
- The median age of Lodi real estate is 30 years old
The Rental Market in Lodi
- Renters make up 3.9% of the Lodi population
- 3.5% of houses and apartments in Lodi, 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.