Housing in Loomis, MI is a great asset for the town. The median value of housing in Loomis, MI is $202,600, which is much lower than the US house median value of $338,100. Despite this lower median value, over the past year the appreciation rate of houses in Loomis has actually been higher than that of the US at 9.86%, compared to 8.27%. This shows that despite its relatively low median house value, businesses and residents are recognizing the potential of Loomis and investing in its housing market.
The median home cost in Loomis is $202,600. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Loomis is up 15.7%.
Average Age of Homes
- The median age of Loomis real estate is 59 years old
The Rental Market in Loomis
- Renters make up 6.3% of the Loomis population
- 0.0% of houses and apartments in Loomis, 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.