The housing market in London, MI is slightly more expensive than the US median but is still within a reasonable range. The median value for a house in London, MI is $260,700 compared to the US median of $338,100. Additionally, the house appreciation rate for homes in London, MI over the past year was 8.47%, while the national average was 8.27%. This suggests that housing prices are increasing faster than usual in London, MI and is indicative of a healthy local real estate market.
The median home cost in London is $260,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in London is up 13.1%.
Average Age of Homes
- The median age of London real estate is 54 years old
The Rental Market in London
- Renters make up 9.4% of the London population
- 0.0% of houses and apartments in London, 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.