The housing situation in Macomb, MI is quite impressive, with a median value of $368,400. This is slightly higher than the US median value of $338,100 and it is evident that the market is strong in Macomb. The one year appreciation rate in Macomb for housing has been 7.58%, which is slightly lower than the US rate of 8.27%. This indicates steady growth and stability in the housing market and makes Macomb an attractive place to invest in real estate.
The median home cost in Macomb is $368,400. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Macomb is up 10.8%.
Average Age of Homes
- The median age of Macomb real estate is 19 years old
The Rental Market in Macomb
- Renters make up 6.9% of the Macomb population
- 0.3% of houses and apartments in Macomb, 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.