Mancelona township, MI is a great place to own a home. The median housing value in the area is $152,500, which is much lower than the US House Median Value of $338,100. Additionally, the 1 year House Appreciation rate in Mancelona township is 15.51%, far higher than the US average of 8.27%. This makes investing in Mancelona township a great option for prospective homeowners looking for an affordable home with potential for increased equity over time.
The median home cost in Mancelona township is $152,500. Home appreciation the last 10 years has been 121.7%. Home Appreciation in Mancelona township is up 19.8%.
Average Age of Homes
- The median age of Mancelona township real estate is 35 years old
The Rental Market in Mancelona township
- Renters make up 11.6% of the Mancelona township population
- 0.4% of houses and apartments in Mancelona township, 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.