The housing market in Long Rapids, MI is quite strong. The median value of a house in the area is $153,200, significantly lower than the US median of $338,100. Despite this discrepancy, the one year appreciation rate for houses in Long Rapids is 16.52%, much higher than the US average of 8.27%. This suggests that Long Rapids is a good option for anyone seeking to buy a house and potentially benefit from strong appreciation rates over time.
The median home cost in Long Rapids is $153,200. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Long Rapids is up 21.4%.
Average Age of Homes
- The median age of Long Rapids real estate is 44 years old
The Rental Market in Long Rapids
- Renters make up 7.1% of the Long Rapids population
- 1.6% of houses and apartments in Long Rapids, 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.