The housing market in Ludington, MI is on the rise with a median value of $215,500 and an impressive 1 year house appreciation rate of 13.62%. This is slightly higher than the US median house value of $338,100 and 8.27% 1 year appreciation rate. With numbers like these, it is no wonder why so many people are looking to invest in Ludington's real estate market. It is an attractive option for individuals looking for a good investment opportunity and who want to take advantage of the growing values in this area.
The median home cost in Ludington is $215,500. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Ludington is up 16.5%.
Average Age of Homes
- The median age of Ludington real estate is 63 years old
The Rental Market in Ludington
- Renters make up 34.4% of the Ludington population
- 0.6% of houses and apartments in Ludington, 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.